Guidehouse announced on Wednesday that the portfolio company of Veritas Capital has entered into a definitive agreement to acquire Dovel Technologies for an undisclosed amount.
The transaction is expected to close sometime in the fourth quarter of the 2021 fiscal year, and the combined enterprise is expected to generate more than two billion dollars in annual revenue.
"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 and a six-time Wash100 Award recipient.
As a part of the combined enterprise, Guidehouse will welcome over 1,800 employees and staff from Dovel’s management team with extensive experience in leading-edge merging technologies such as enterprise digital modernization, advanced data analytics, cloud adoption, artificial intelligence and other leading domain areas such as health, human services and public safety.
"The acquisition of Dovel is a strategic step in our journey to create the next generation global consultancy," said Scott McIntyre, CEO of Guidehouse and five-time Wash100 Award winner.
"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,” he added.
With complementary strengths and enhanced offerings in Guidehouse and Dovel’s key focus areas, the merger will position Guidehouse to continue to deliver innovative solutions and build resilience into important missions and services for government and commercial clients.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. The company helps clients address their complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation.
