Milbank LLP advised Veritas Capital, a longstanding investor in companies operating at the intersection of technology and government, and its portfolio company, Guidehouse, a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting, in connection with the successful acquisition of Dovel Technologies (“Dovel”), a leading expert to federal agencies that provides system integration and information management services, from Macquarie Capital. The transaction closed on October 15, 2021.
Dovel adds market leading 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, which will complement Guidehouse's service offerings, particularly in the health, national security, and energy, sustainability & infrastructure sectors.
With this acquisition, Guidehouse will also add 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.
The Milbank deal team was led by Global Corporate partner Richard Presutti, along with associate Lowell Dyer. The team also included Global Capital Markets partner Antonio Diaz-Albertini, Executive Compensation and Employee Benefits partner Mike Shah and Tax partner Max Goodman.
