Veritas Capital-backed Guidehouse to acquire the public sector advisory practice of Grant Thornton.

Veritas Capital-backed Guidehouse, a management consulting firm, agreed to acquire the public sector advisory practice of Grant Thornton, a corporate advisory and accounting firm. Financial terms were not disclosed. "The divestiture of our public sector advisory practice is well-aligned with our strategy and will enhance our value to clients by sharpening the firm’s focus on our integrated offerings across audit, tax and advisory services, where we see significant growth opportunities. Additionally, we will further enhance our capital position, strengthen the firm’s quality-focused market position and create compelling opportunities for our colleagues. This transaction is also a testament to the significant accomplishments and stellar reputation of our Public Sector Advisory practice," Seth Siegel, Grant Thornton CEO.