Guidehouse

{{short description|American management consulting firm}}

{{Infobox company

| image =

| name = Guidehouse, Inc.

| type = Private

| traded_as = {{ubl|{{NYSE was|NCI}}|{{NASDAQ was|METZ}}}}

| location = Tysons, Virginia
(Global)

| revenue = $3 billion

| area_served = Worldwide

| key_people = Scott McIntyre (CEO)

| num_employees = 16,500 (2018)

| industry = Professional services

| owner = {{ubl|Bain Capital|{{smaller|(2023–present)}}}}

| website = {{URL|https://guidehouse.com/}}

}}

Guidehouse, Inc. is an American consulting firm for businesses and government entities. It is the successor to PricewaterhouseCoopers LLP’s public sector business and it was acquired in 2018 by Veritas. The head office is in Tysons, Virginia.

In December 2023, Guidehouse was acquired by Bain Capital.{{Cite web|url=https://www.channele2e.com/news/bain-capital-finalizes-acquisition-of-guidehouse-for-5-3-billion|title=Bain Capital Finalizes Acquisition of Guidehouse for $5.3 Billion|work=ChannelE2E|date=15 December 2023 |access-date=2023-12-21|language=en}}

History

Guidehouse began as PricewaterhouseCoopers' U.S. public sector business and in 2018, New York private equity firm Veritas Capital acquired the company. It retained leadership, including Chief Executive Officer Scott McIntyre.{{cite news |last1=Terry |first1=Robert |title=PwC finds a buyer for its government consulting practice |url=https://www.bizjournals.com/washington/news/2018/02/15/pwc-finds-a-buyer-for-its-government-consulting.html |access-date=7 August 2023 |work=www.bizjournals.com |date=15 February 2018}} Deborah Ricci was appointed as its CFO.{{cite news |last1=Terry |first1=Robert |title=PwC's Veritas-owned U.S. public sector business now has a name |url=https://www.bizjournals.com/washington/news/2018/07/23/pwc-s-veritas-owned-u-s-public-sector-business-now.html |access-date=7 August 2023 |work=www.bizjournals.com |date=23 July 2018}}

After the acquisition, it then operated as the independent company "Guidehouse".{{cite news |last1=Terry |first1=Robert |title=PwC finds a buyer for its government consulting practice |url=https://www.bizjournals.com/washington/news/2018/02/15/pwc-finds-a-buyer-for-its-government-consulting.html |access-date=7 August 2023 |work=www.bizjournals.com |date=15 February 2018}} Bloomberg reported that Guidehouse had an estimated valuation of approximately $7 billion in 2023.{{cite news |last1=Porter |first1=Kiel |title=Veritas Capital Considers Selling or Taking Public $7 Billion Guidehouse |url=https://www.bloomberg.com/news/articles/2022-09-29/veritas-capital-is-said-to-mull-7-billion-guidehouse-exit |access-date=7 August 2023 |work=Bloomberg.com |date=29 September 2022 |language=en}}

The company acquired and combined with Navigant Consulting Inc in August 2019 for $1.1 billion.{{cite news |last1=Kellaher |first1=Colin |title=Navigant Consulting to Be Acquired for $1.1 Billion |url=https://www.wsj.com/articles/navigant-consulting-to-be-acquired-for-1-1-billion-11564768276 |access-date=7 August 2023 |work=Wall Street Journal |date=2 August 2019}} A year after purchasing Dovel Technologies, it acquired Grant Thornton LLP’s public sector advisory practice in 2022.{{cite news |last1=Porter |first1=Kiel |title=Veritas Capital Considers Selling or Taking Public $7 Billion Guidehouse |url=https://www.bloomberg.com/news/articles/2022-09-29/veritas-capital-is-said-to-mull-7-billion-guidehouse-exit |access-date=7 August 2023 |work=Bloomberg.com |date=29 September 2022 |language=en}}

In November 2023, Bain Capital agreed to acquire Guidehouse for $5 billion.{{cite web|title=Bain close to buying consulting firm Guidehouse in $5 bln deal- WSJ|url=https://www.reuters.com/markets/deals/bain-close-buying-consulting-firm-guidehouse-5-bln-deal-wsj-2023-11-06/|website=Reuters|date=November 6, 2023}} The purchase was completed the following month.

=Navigant Consulting=

Navigant Consulting was formed in 1983 by Richard Metzler as The Metzler Group Inc.; it provided management consultancy to businesses in the energy and other regulated industries. It was listed on NASDAQ in October 1996, under the ticker symbol METZ. In July 1999, the name was changed to Navigant Consulting, Inc.; the stock was listed on the New York Stock Exchange soon afterwards. William M. Goodyear became chairman and CEO of the company in 2000.{{cite news |title=Navigant Consulting Names New Chairman and CFO |url=https://www.wsj.com/articles/SB959031738622770641 |accessdate=26 January 2019 |work=The Wall Street Journal |date=23 May 2000}}

In 2005, the company was accused of overcharging Los Angeles County in a contract to work at Martin Luther King Jr.-Harbor Hospital in Willowbrook, CA. County auditors rejected over $206,000 in expenses, including unauthorized first-class airfares to and from Los Angeles, and determined that Navigant had deleted from their to-do list a number of tasks and goals that they had failed to accomplish.[https://www.latimes.com/archives/la-xpm-2005-oct-26-me-kingdrew26-story.html Pact to Fix King/Drew Is Extended - Los Angeles Times]. Articles.latimes.com (2005-10-26). Retrieved on 2010-11-15. Despite Navigant's work, King-Harbor failed to meet federal standards for Medicare funding in 2006,[http://www.chicagotribune.com/topic/la-me-kingdrew23sep23,0,712841.story King/Drew Fails Final U.S. Test]. chicagotribune.com (2006-09-23). Retrieved on 2010-11-15. prompting the county to undergo a radical restructuring plan for the hospital.[https://www.latimes.com/archives/la-xpm-2007-mar-01-me-hospital1-story.html L.A. hospital scales down to small size - Los Angeles Times]. Articles.latimes.com (2007-03-01). Retrieved on 2010-11-15.

In 2012, Julie Howard replaced Goodyear as CEO.{{cite news |title=UPDATE 1-Navigant Consulting appoints new CEO |url=https://www.reuters.com/article/navigant-idUSL4E8DN53W20120223 |accessdate=26 January 2019 |work=Reuters |date=23 February 2012}} In April 2018, the company partnered with Baptist Health South Florida to form a joint venture providing revenue cycle management to healthcare organizations.{{cite news |last1=Kacik |first1=Alex |title=Navigant, Baptist Health South Florida form revenue-cycle management joint venture |url=https://www.modernhealthcare.com/article/20180410/NEWS/180419995 |accessdate=28 December 2018 |work=Modern Healthcare |date=10 April 2018}}{{cite news |last1=Landi |first1=Heather |title=Baptist Health South Florida, Navigant Form RCM Joint Venture |url=https://www.healthcare-informatics.com/news-item/revenue-cycle-management/baptist-health-south-florida-navigant-form-rcm-joint-venture |accessdate=28 December 2018 |work=Healthcare Informatics |date=11 April 2018}} The dispute and investigative division of the company was sold to Ankura Consulting in August 2018.{{cite news |last1=Kellaher |first1=Colin |title=Navigant to Sell Units to Ankura for $470 Million |url=https://www.wsj.com/articles/navigant-to-sell-units-to-ankura-for-470-million-1529937847 |accessdate=22 November 2018 |work=The Wall Street Journal |date=25 June 2018 |url-access=subscription }}{{cite news |last1=Medici |first1=Andy |title=Ankura's purchase of a slice of Navigant makes it a big consulting player. So what happens next? |url=https://www.bizjournals.com/washington/news/2018/08/27/ankura-s-purchase-of-a-slice-of-navigant-makes-it.html |accessdate=22 November 2018 |work=Washington Business Journal |date=27 August 2018}}

class="wikitable sortable mw-collapsible"

|+{{nowrap|Navigant Consulting Acquisitions}}

scope="col" style="width:50px" | Date

! scope="col" | Company

! scope="col" | Business

! scope="col" style="text-align:right" | Price if known

{{dts|1997|Aug|17|format=my}}

| Resource Management International Inc.{{cite news |last1=Graebner |first1=Lynn |title=RMI sells to Illinois firm for $82 million |url=https://www.bizjournals.com/sacramento/stories/1997/08/18/story1.html |accessdate=21 November 2018 |work=Sacramento Business Journal |date=17 August 1997 |url-access=registration }}

| engineering

| style="text-align:right;"|${{nts|82000000}}

{{dts|1997|Aug|19|format=my}}

| Reed Consulting Group{{cite news |last1=Fitzgerald |first1=Jacqueline |title=Metzler Deal May Help Earnings |url=https://www.chicagotribune.com/news/ct-xpm-1997-08-19-9708190211-story.html |accessdate=21 November 2018 |work=Chicago Tribune |date=19 August 1997}}

| energy-related consulting

| {{n/a

}}
{{dts|1998|Sep|02|format=my}}

| Peterson Consulting{{cite news |last1=Gunset |first1=George |title=Metzler, Peterson Consulting Join |url=https://www.chicagotribune.com/news/ct-xpm-1998-09-02-9809020345-story.html |accessdate=21 November 2018 |work=Chicago Tribune |date=2 September 1998}}

| information services

| style="text-align:right;"|${{nts|160000000}}

{{dts|2002|Sep|24|format=my}}

| The Hunter Group{{cite news |title=Navigant Consulting acquires The Hunter Group |url=https://www.bizjournals.com/tampabay/stories/2002/09/23/daily9.html |accessdate=21 November 2018 |work=Tampa Bay Business Journal |date=24 September 2002 |url-access=registration }}

| health care consulting

| style="text-align:right;"|${{nts|25400000}}

{{dts|2004|Feb|02|format=my}}

| Tucker Alan{{cite news |last1=Quigley |first1=Kelly |title=Navigant picks up consultancy |url=https://www.chicagobusiness.com/article/20040202/NEWS01/200011376/navigant-picks-up-consultancy |accessdate=21 November 2018 |work=Crain's Chicago Business |date=2 February 2004}}

| business and litigation consulting

| style="text-align:right;"|${{nts|90000000}}

{{dts|2006|Mar|24|format=my}}

| Precept Programme Management Limited{{cite press release |title=Navigant Consulting, Inc. Acquires Precept Programme Management Limited |url=https://www.businesswire.com/news/home/20060324005223/en/Navigant-Consulting-Acquires-Precept-Programme-Management-Limited |accessdate=21 November 2018 |work=Business Wire |date=24 March 2006}}{{cite news |last1=Murphy |first1=H. Lee |title=Cash hoards help M&A rise in 1Q |url=https://www.chicagobusiness.com/article/20060415/ISSUE01/100025651/cash-hoards-help-m-a-rise-in-1q |accessdate=22 November 2018 |work=Crain's Chicago Business |date=15 April 2006}}

| dispute advisory and program management consulting

| style="text-align:right;"|${{nts|50000000}}

{{dts|2007|Aug|10|format=my}}

| HJA Consulting{{cite news |title=Navigant Consulting acquires HJA Consulting |url=https://www.hydroworld.com/articles/2007/08/navigant-consulting-acquires-hja-consulting.html |accessdate=22 November 2018 |work=Hydro Review |date=10 August 2007}}

|hydroelectric performance

| {{n/a

}}
{{dts|2009|Jan|12|format=my}}

| The Bard Group{{cite news |last1=Robeznieks |first1=Andis |title=Navigant buys healthcare consultancy Bard Group |url=https://www.modernhealthcare.com/article/20090112/NEWS/301129945 |accessdate=22 November 2018 |work=Modern Healthcare |date=12 January 2009}}

|healthcare consulting

|{{n/a

}}
{{dts|2010|Jan|11|format=my}}

|Summit Blue Consulting{{cite news |last1=Jaffe |first1=Mark |title=Summit Blue is bought by Navigant |url=https://www.denverpost.com/2010/01/11/summit-blue-is-bought-by-navigant/ |accessdate=22 November 2018 |work=The Denver Post |date=11 January 2010}}

|utilities consulting

|{{n/a

}}
{{dts|2010|May|17|format=my}}

| Daylight Forensic & Advisory{{cite news |title=Navigant to Buy Daylight Forensic |url=https://dealbook.nytimes.com/2010/05/17/navigant-to-buy-daylight-forensic/ |accessdate=22 November 2018 |work=Dealbook |agency=The New York Times |date=17 May 2010}}

| financial consulting

| style="text-align:right;"|${{nts|40000000}}

{{dts|2010|Oct|04|format=my}}

| Ethos Partners{{cite news |title=Navigant Acquires Healthcare Consultant Ethos Partners For $37 Million |url=https://www.proactiveinvestors.com/companies/news/74119/navigant-acquires-healthcare-consultant-ethos-partners-for-37-million-8905.html |accessdate=22 November 2018 |work=Proactive Investors |date=4 October 2010}}

| healthcare management consulting

| style="text-align:right;"|${{nts|37000000}}

{{dts|2012|Jul|11|format=my}}

| Pike Research{{cite news |title=Pike Research acquired by Navigant Consulting |url=https://www.bizjournals.com/portland/blog/sbo/2012/07/pike-research-acquired-by-navigant.html |accessdate=22 November 2018 |work=Portland Business Journal |date=11 July 2012 |url-access=registration }}

|energy technology

|{{n/a

}}
{{dts|2012|Oct|03|format=my}}

|Easton Associates{{cite news |last1=McKinney |first1=Maureen |title=Navigant expands health consulting business in deal |url=https://www.modernhealthcare.com/article/20121003/MODERNPHYSICIAN/310039968 |accessdate=22 November 2018 |work=Modern Healthcare |date=3 October 2012}}

|life sciences consulting

|{{n/a

}}
{{dts|2014|May|15|format=my}}

| Cymetrix Corp.{{cite news |last1=Wang |first1=Andrew L. |title=Navigant buys back-office health care vendor Cymetrix |url=https://www.chicagobusiness.com/article/20140515/NEWS03/140519887/navigant-consulting-buys-revenue-cycle-management-firm-cymetrix |accessdate=22 November 2018 |work=Crain's Chicago Business |date=15 May 2014}}

| healthcare revenue management

| style="text-align:right;"|${{nts|100000000}}

{{dts|2015|Feb|24|format=my}}

| RevenueMed{{cite news |title=US firm acquires RevenueMed of Technopark |url=https://www.thehindubusinessline.com/news/national/us-firm-acquires-revenuemed-of-technopark/article6929628.ece |accessdate=22 November 2018 |work=The Hindu BusinessLine |date=24 February 2015}}

|healthcare revenue management

|{{n/a

}}
{{dts|2016|Jan|04|format=my}}

| McKinnis Consulting Services{{cite news |last1=Bushey |first1=Claire |title=Navigant acquires Chicago firm in health care buying spree |url=https://www.chicagobusiness.com/article/20160104/NEWS01/160109980/navigant-acquires-chicago-firm-mckinnis-in-deal |accessdate=22 November 2018 |work=Crain's Chicago Business |date=4 January 2016}}

| healthcare revenue management

| style="text-align:right;"|${{nts|52000000}}

{{dts|2016|Jan|04|format=my}}

| Dymedex Consulting{{cite news |title=BRIEF-Navigant acquires Dymedex Consulting to expand life sciences practice |url=https://www.reuters.com/article/idUSFWN1BD074 |accessdate=22 November 2018 |work=Reuters |date=1 September 2016}}

| life sciences

| {{n/a

}}
{{dts|2016|Nov|07|format=my}}

| Ecofys{{cite news |title=BRIEF-Navigant acquires Europe's Ecofys |url=https://www.reuters.com/article/idUSASC09GI7 |accessdate=22 November 2018 |work=Reuters |date=7 November 2016}}

| energy and sustainability

| {{n/a

}}
{{dts|2017|Nov|02|format=my}}

| Quorum Consulting{{cite news |title= BRIEF-Navigant acquires substantially all of the assets of Quorum Consulting

|url=https://www.reuters.com/article/brief-navigant-acquires-substantially-al/brief-navigant-acquires-substantially-all-of-the-assets-of-quorum-consulting-idUSASB0BQTT |accessdate=22 November 2018 |work=Reuters |date=2 November 2017}}

| life sciences

| {{n/a

}}

Operations

After it was sold by PricewaterhouseCoopers, Guidehouse leadership was announced, including Chief Executive Officer Scott McIntyre{{cite news |last1=Terry |first1=Robert |title=PwC finds a buyer for its government consulting practice |url=https://www.bizjournals.com/washington/news/2018/02/15/pwc-finds-a-buyer-for-its-government-consulting.html |access-date=7 August 2023 |work=www.bizjournals.com |date=15 February 2018}} and Chief Financial Officer Deborah Ricci.{{cite news |last1=Terry |first1=Robert |title=PwC's Veritas-owned U.S. public sector business now has a name |url=https://www.bizjournals.com/washington/news/2018/07/23/pwc-s-veritas-owned-u-s-public-sector-business-now.html |access-date=7 August 2023 |work=www.bizjournals.com |date=23 July 2018}}

Guidehouse services state, local, and federal clients, including the U.S. departments of Defense, Homeland Security, Veterans Affairs, Health and Human Services and State as of 2018.{{cite news |last1=Terry |first1=Robert |title=PwC's Veritas-owned U.S. public sector business now has a name |url=https://www.bizjournals.com/washington/news/2018/07/23/pwc-s-veritas-owned-u-s-public-sector-business-now.html |access-date=7 August 2023 |work=www.bizjournals.com |date=23 July 2018}}

Guidehouse was considered among the Washington, D.C., region’s largest private companies and in 2018, it was reported that the company had 16,000 employees in 53 locations around the world and $3 billion in annual revenue.{{cite news |last1=Kline |first1=Alan |title='North of $10 billion': Guidehouse CEO Scott McIntyre lays out ambitious growth plan |url=https://www.bizjournals.com/washington/news/2022/12/09/scott-mcintyre-guidehouse.html |access-date=7 August 2023 |work=www.bizjournals.com |date=9 December 2022}}

In 2021, Guidehouse moved its global headquarters to Tysons, Virginia, due to an increase in demands for the company's services. It has three offices local to Washington, D.C.{{cite news |last1=Navera |first1=Tristan |title=Guidehouse to set up new N. Va. HQ with 1,550 jobs |url=https://www.bizjournals.com/washington/news/2021/05/10/fairfax-county-lands-1550-job-hq.html |access-date=7 August 2023 |work=www.bizjournals.com |date=20 May 2021}}

References

{{reflist}}