Grant Thornton sells its Public Sector Advisory Practice to Guidehouse

Grant Thornton LLP has sold its public sector advisory practice to Guidehouse, a consultancy firm owned by private equity fund Veritas as part of its effort to boost its capital and streamline its offerings, the firms said in a joint statement. The total amount of the transaction was not disclosed.

The Chicago-based firm said the acquisition will help strengthen Guidehouse’s public-sector footprint and capabilities as the next-generation consultancy continues its accelerated growth. The move is also part of Grant Thornton’s strategy to divest some of its practice niches so it can focus more on audit, tax, and advisory services

The Grant Thornton Public Sector Advisory Practice team helps executives and managers at all levels of government maximize their performance and efficiency in the face of ever-tightening budgets and increased demand for services, the firm said on its website.

The acquisition will help Guidehouse to gain professionals in Washington, D.C., and other cities who have experience providing federal, state, and local governments with expertise in finance, human capital management, information technology, data analytics, and performance management services.

“We are excited to welcome our new colleagues to Guidehouse, building on the strength of our model, continued innovation, and driving the best outcomes for our clients,” said Scott McIntyre, CEO of Guidehouse. “This transaction aligns to our strategy to expand expertise and capabilities in support of our clients’ most pressing challenges. With this strategic combination, we anticipate experiencing opportunities for both significant growth and advancement for our colleagues.”

Founded in 2018 in Washington, DC by Scott McIntyre, Veritas Capital-backed Guidehouse provides management, technology, and risk consulting to clients around the world. The company has more than 13,000 professionals in over 50 locations globally.

“Grant Thornton continues to accelerate its growth by delivering the highest quality solutions and a peerless experience to our clients,” said Seth Siegel, CEO at Grant Thornton. “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,” Siegel continued. “Our Public Sector Advisory colleagues are well-positioned for continued success as part of a management consultancy with a very strong presence in the government sector ― one that they know well and that will offer exciting opportunities for professional growth.”