Guidehouse, a global provider of consulting services to the public and commercial sectors, announced it has reached a definitive agreement for acquisition by an affiliate of Bain Capital Private Equity for $5.3 billion.
Following the deal, the company will continue to operate under its current leadership of CEO Scott McIntyre and maintain the management structure established during its ownership by Veritas Capital since 2018.
M&A Trend in Technology Consulting
This is technology M&A deal number 305 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
Guidehouse is headquartered in McLean, Virginia. The company has 12,494 employees listed on LinkedIn. Guidehouse’s areas of expertise include management, technology, and risk consulting, as well as providing digital services and business process outsourcing.
Bain Capital, founded in 1984, operates from Boston, Massachusetts. The company has 1,683 employees listed on LinkedIn. Bain Capital’s areas of expertise include healthcare, consumer/retail, financial and business services, industrials, and technology, media, and telecommunications.
Guidehouse-Bain Capital Acquisition: Executive Insights
Scott McIntyre, CEO, Guidehouse, commented:
"We're excited to start this new chapter of growth with Bain Capital, a firm that aligns with our commitment to a people-first culture and our heritage in consulting. This partnership presents significant opportunities to expand our business, bolster client delivery, and advance our consultancy for future success in an evolving digital and complex world."
Joe Robbins, a partner at Bain Capital, said:
"Guidehouse's leadership in the market is distinguished by its collaborative model, domain expertise, and execution excellence. We're eager to support Scott and the management team in pursuing organic and inorganic growth driven by industry tailwinds."
Ramzi Musallam, CEO and Managing Partner of Veritas, added:
"Our journey with Guidehouse has been one of mutual success, marked by strategic growth and enhanced service delivery to meet critical client needs. We've focused on expanding Guidehouse’s capabilities to offer unique solutions in vital commercial and public sectors."
Financial and Legal Advisors in Guidehouse’s Bain Capital Deal
Financial advisory services for Bain Capital were provided by Baird, with PricewaterhouseCoopers LLP offering accounting advice, and Kirkland & Ellis LLP serving as legal counsel.
Guidehouse and Veritas Capital enlisted Guggenheim Securities LLC, Jefferies LLC, and Goldman Sachs & Co. LLC for financial advisory services, with legal guidance from Milbank LLP and Covington & Burling LLP.