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Prepared for some huge information within the consulting business?
On November 6, 2023 it was introduced that the McLean, Virginia based mostly consulting agency, Guidehouse, can be acquired by Bain Capital in an enormous $5.3 billion deal.
Let’s check out what this implies for this main public sector consulting agency and for the business at massive.
What Does this Imply for Guidehouse?
For some background, Guidehouse has been below the area of Veritas Capital since 2018, so it is a huge change for the agency. In 2023, Guidehouse obtained over $900 million in federal contracts, together with Homeland Safety, Well being and Human Providers, and Inside.
The funding from Bain Capital can be instrumental in Guidehouse’s progress journey – we anticipate to see an uptick in hiring shortly.
Submit-acquisition, Guidehouse will proceed to stay below the management of its present CEO Scott McIntyre. Along with Bain Capital, Guidehouse will leverage this new partnership to scale its consulting companies and develop its shopper choices.
It’s fascinating to notice that this deal is already the second transfer that Guidehouse has revamped the previous 14 months, following its August 2022 acquisition of Grant Thornton’s public sector arm.
Does This Acquisition Give Indicators To The Broader Consulting Panorama?
The consulting business has seen some troublesome days in current occasions as a result of rocky economic system, however this acquisition is a beacon of hope for a turnaround. All through the US, there was an uptick in mergers and acquisitions exercise, signaling that an financial restoration could possibly be on the horizon.
Whereas Bain Capital has been upping its recreation within the M&A world, total acquisitions of consultancies by personal fairness companies has decreased from the years prior. In 2023, there have been a complete of 31 consulting M&A offers ($100M) compared to 37 offers ($1B) the yr prior.
Conclusion
Try careers at Guidehouse – the agency is actively hiring for a lot of roles and this acquisition will solely bolster hiring efforts.
The Bain / Guidehouse acquisition is huge information for the consulting business. Maintain your eyes peeled to Administration Consulted to remain abreast of key consulting traits and breaking information.
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