Guidehouse completes $1.1 billion acquisition of Navigant

14 October 2019 2 min. read
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Guidehouse, a portfolio company of private equity firm Veritas Capital, has completed its acquisition of Navigant, a Chicago-based global management consulting firm.

The transaction, backed by Veritas, was announced in early August and received approval from Navigant shareholders on October 10. Navigant shareholders will receive $28 cash per share of common stock. Shares of Navigant common stock have been removed from the New York Stock Exchange.

The $1 billion+ acquisition greatly augments Washington, DC–based Guidehouse, the former PwC Public Sector practice which was purchased by Veritas in 2018. The firm has 2000 employees across 20 US locations delivering management and technology consulting services to government clients, including federal, state, and local agencies.

The move bolts on Navigant, which provides advisory, outsourcing, and technology services to highly regulated industries – primarily healthcare, financial services, and energy. The firm has more than 5,000 employees across offices in North America, Europe, the Middle East, and Asia, and annual revenues of $744 million.

Guidehouse completes $1.1 billion acquisition of Navigant

The combined firm will do business as Guidehouse and will be led by Scott McIntyre, the CEO of Guidehouse. The move creates a company with annual revenues of $1.3 billion, 7,000+ employees, and more than 50 offices across the globe. The merged firm brings extensive management and tech consulting offerings to commercial and government sector clients in the highly regulated industries of healthcare, financial services, energy, national security, and aerospace and defense.

“We are delighted to welcome all of our colleagues from Navigant,” said McIntyre. “Together we will serve our clients with distinction around the world, helping them address their most difficult challenges and identify their most promising opportunities in order to set a national agenda and drive global change.

“Increasingly, solutions to complex societal problems will require integrated problem solving between government and commercial entities. Guidehouse, with our combination of public and private sector expertise, is at the forefront of the emerging model of professional services that can address this new market opportunity.”

Ramzi Musallam, CEO and managing partner of Veritas Capital, added, “Guidehouse is now a scaled, differentiated platform with world-class capabilities across both the commercial and public sectors. The deep, focused expertise in both industry and technology-enabled solutions delivers a truly unique services offering in the management consulting marketplace.”