Expands Guidehouse’s information technology and advanced analytics capabilities across health, human services, and public safety markets
Guidehouse, a portfolio company of Veritas Capital and leading provider of strategic advisory and technology services to the commercial and public sector markets with strong expertise in the highly regulated industries of healthcare, financial services, energy & infrastructure, national security, and aerospace & defense, announced it entered into a definitive agreement to acquire Dovel Technologies (“Dovel”), a portfolio company of Macquarie Capital. Financial terms were not disclosed.
Dovel adds proven and market leading domain expertise in Health, Human Services, and Public Safety with leading-edge technologies in advanced data analytics and artificial intelligence, enterprise digital modernization and system integration, and cloud adoption and infrastructure optimization to complement Guidehouse’s service offerings, particularly in the Health, National Security, and Energy, Sustainability & Infrastructure sectors. Guidehouse is excited to welcome Dovel’s talented management team and employee base of over 1,800 individuals to pursue the opportunities ahead as part of a combined enterprise that is expected to generate over $2 billion in annual revenue. The closing of this transaction, subject to regulatory approvals and customary closing conditions, is expected to occur in the fourth quarter of this year.
Recommended ITech News: CORRECTING and REPLACING GigaMonster Networks Launches Its Advanced Universal Access Network at Water Street Tampa
“The acquisition of Dovel is a strategic step in our journey to create the next generation global consultancy,” said Scott McIntyre, Chief Executive Officer of Guidehouse. “Dovel is an exceptionally strong solutions provider with significant experience in supporting agency missions to improve public health, strengthen research and IT capabilities, and optimize operational outcomes. With complementary strengths in Guidehouse’s focus areas, together we will be well positioned to continue delivering innovative solutions to tackle some of the most complex challenges facing government and commercial clients, while building resilience into important missions and services. Bringing together best-in-class portfolios, highly talented teams, and technology-first business models—we look forward to the merger and the journey to come.”
Damon Griggs, Chief Executive Officer of Dovel said, “We are excited by the opportunity to join the Guidehouse platform given our complementary capabilities and strategically correlated missions to improve, protect, and save lives. Together, Dovel and Guidehouse will create a powerful, technology-driven organization, characterized by deep industry expertise and leading technical know-how. Our companies are aligned with similar cultures and strong core values. Through the integration of our two firms, our employees will experience an innovative and collaborative environment with expanded growth opportunities, while our combined clients will access a wider array of expertise, tools, and technologies to support their most important initiatives. We look forward to this new chapter together.”
Recommended ITech News: HandsFree Health Adds Ultralight 4G Pendant To Its Personal Emergency Response (PERS) Product Line
“Guidehouse and Dovel are both leaders in their markets today, and this combination will further expand and differentiate the offerings of each business across the public and private sector. We look forward to the next chapter of growth at Guidehouse as the company continues to scale and bring deep expertise and diverse capabilities to its client base,” said Ramzi Musallam, CEO and Managing Partner of Veritas Capital.
In addition to its ownership interest, Macquarie Capital acted as financial advisor to Dovel. Houlihan Lokey also acted as financial advisor and Cooley LLP served as legal counsel to Dovel.
Milbank LLPÂ and Covington & Burling LLP served as legal counsel to Guidehouse and Veritas Capital.
Recommended ITech News: DottedSign-Zapier Integration Helps Users Automate Entire Workflows
