Guidehouse, a Veritas Capital portfolio company, has completed its acquisition of Dovel Technologies, a portfolio company of Macquarie Capital.
“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 Guidehouse CEO Scott McIntyre.
With this acquisition, Guidehouse adds an employee base of over 1,900. The combined enterprise is expected to generate more than $2 billion in annual revenue. Financial terms were not disclosed.
“Together, we will empower clients through innovative technology and differentiated solutions to help them overcome their most complex challenges,” McIntyre said.
Dovel adds domain expertise in health, human services and public safety, to the combined enterprise. It also brings technologies in advanced data analytics and artificial intelligence, enterprise digital modernization and system integration, and cloud adoption and infrastructure optimization.
“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 Dovel CEO Damon Griggs.
Veritas Capital CEO and Managing Partner Ramzi Musallam said the acquisition is a strategic step for Guidehouse as it continues on its growth trajectory.
“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,” Musallam said.