49.6 F
Washington D.C.
Monday, October 3, 2022
spot_img

Guidehouse Completes Acquisition of Dovel Technologies

Dovel adds domain expertise in Health, Human Services, and Public Safety with cutting-edge technologies in advanced data analytics.

Guidehouse, a portfolio company of Veritas Capital and 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, today announced the completion of its acquisition of Dovel Technologies, a portfolio company of Macquarie Capital.  Financial terms were not disclosed.
Dovel adds domain expertise in Health, Human Services, and Public Safety with cutting-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. The acquisition creates a powerful, technology-driven organization characterized by deep industry experience and distinguished technical capabilities.
With this acquisition, Guidehouse adds an employee base of more than 1,900 individuals to pursue the opportunities ahead as part of a combined enterprise that is expected to generate over $2 billion in annual revenue.
“With the Dovel acquisition now complete, we are thrilled to join forces and welcome our new colleagues to Guidehouse as we combine our technology-first business models and share our strengthened capabilities,” said Scott McIntyre, Chief Executive Officer of Guidehouse. “Together, we will empower clients through innovative technology and differentiated solutions to help them overcome their most complex challenges.”
“Through this integration, we are able to offer a breadth of new capabilities and solutions as well as leverage best-in-class technologies to expand service offerings and support missions that improve, protect, and save lives,” said Damon Griggs, Dovel CEO. “Guidehouse has a strong focus on culture and values, affording our employees a welcoming and collaborative environment with expanded growth opportunities as we build our future together.”
“The acquisition of Dovel is a strategic step for Guidehouse as it continues on its growth trajectory,” said Ramzi Musallam, CEO and Managing Partner of Veritas Capital. “We look forward to this leading-edge, combined enterprise delivering transformational solutions supporting agency missions to improve public health, strengthen research and IT capabilities, and optimize operational outcomes.”
The transaction was announced on September 8, 2021. 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 LLP and Covington & Burling LLP served as legal counsel to Guidehouse and Veritas Capital. RBC Capital Markets, LLC and William Blair acted as financial advisors to Guidehouse and Veritas Capital.
Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

Related Articles

- Advertisement -

Latest Articles