December 14, 2023

Veritas Completes Sale of Guidehouse, Leading Global Provider of Consulting Services, to Bain Capital

New York, NY – December 14, 2023 – Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced it has completed the sale of Guidehouse, (“Guidehouse”, or the “Company”), a leading global provider of consulting services to the public sector and commercial markets, to an affiliate of Bain Capital Private Equity (“Bain Capital”) for $5.3 billion. Guidehouse will continue to operate under its current management team, led by Chief Executive Officer Scott McIntyre. 

Headquartered in McLean, Virginia, Guidehouse has broad capabilities in management, technology, and risk consulting. The Company’s expertise spans a wide range of industries, including defense & security, energy, infrastructure & sustainability, financial services and health.

Guidehouse was initially formed when Veritas carved out PwC’s public sector business in 2018 and subsequently expanded into commercial end markets through the combination with Navigant Consulting in 2019, creating a scaled enterprise in both regulated commercial end markets as well as the public sector that regulates those end markets. The Company subsequently expanded key technology capabilities and scaled across particular public sector end markets via the acquisitions of Dovel Technologies in 2021 and Grant Thornton’s Public Sector Advisory Practice in 2022. 

Under Veritas’ stewardship, Guidehouse experienced tremendous organic and inorganic growth. Veritas partnered with the Guidehouse management team to , increase the Company’s total addressable market; invest in business development to aggressively pursue new customers and teaming partners, as well as make significant investments in Guidehouse’s technology capabilities; instill more rigorous operating processes to enhance the Company’s competitive positioning and achieve strong operating metrics; and leverage the strength of the Veritas portfolio to pursue new growth opportunities. 

"On behalf of the entire Guidehouse team, we're delighted to embark on the next phase of our growth in partnership with Bain Capital who shares our people-first culture, consulting heritage, and commitment to embracing complexity,” said Guidehouse CEO Scott McIntyre. “Together, we see significant opportunities to capitalize on attractive marketplace dynamics to further grow the business with our best-in-class client delivery capabilities. We are grateful for the meaningful growth experienced during our partnership with Veritas, and look forward to this new chapter with Bain."

“Guidehouse has established a clear leadership position in its space using a differentiated model built on collaboration, expertise, and great execution,” said Joe Robbins, a Partner at Bain Capital. “We are excited to partner with Scott and his proven management team to continue growing organically and inorganically in an industry with strong, long-term fundamental tailwinds,” added Robbins.

“We are proud of Guidehouse’s continued track record of growth, serving as a valuable partner to address the critical needs of clients,” said Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas. “Over the past five years, Veritas successfully partnered with Scott and his team to significantly expand the Company’s capabilities to bring differentiated solutions to customers in the commercial and public sectors.”

Baird served as financial advisor to Bain Capital. PricewaterhouseCoopers LLP served as accounting advisor, and Kirkland & Ellis LLP served as legal counsel to Bain Capital. Guggenheim Securities LLC, Jefferies LLC, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC served as financial advisors to Guidehouse and Veritas. Milbank LLP and Covington & Burling LLP served as legal counsel to Guidehouse and Veritas. 

About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets. Combining public and private sector expertise, Guidehouse helps clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. With more than 17,000 professionals in over 55 locations globally, the company creates scalable, innovative solutions that help clients outwit complexity and position them for future growth and success. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit
About Bain Capital Private Equity

Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity's global team of more than 280 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications. Bain Capital has 23 offices on four continents. Since its inception, the firm has made primary or add-on investments in more than 1,150 companies. In addition to private equity, Bain Capital invests across multiple asset classes, including credit, public equity, venture capital and real estate, managing approximately $180 billion in total assets and leveraging the firm's shared platform to capture opportunities in strategic areas of focus. For more information, please visit:
About Veritas Capital

Veritas is a longstanding technology investor with over $40 billion of assets under management and a focus on companies operating at the intersection of technology and government. The firm invests in companies that provide critical products, software, and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. Leveraging technology to make a positive impact across vitally important areas, such as healthcare, education, and national security, is core to the firm. Veritas is a proud steward of national assets, improving the quality of healthcare while reducing cost, advancing our educational system, and protecting our nation and allies. For more information, visit

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Veritas Capital
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