PwC is seeking to sell its government consulting business, and the price tag could be about $500 million, Reuters reports.
Potential bidders include private equity firms Veritas and Dearborn Partners, the report suggested. ChannelE2E has not independently confirmed the report.
Updated February 14, 2018: Veritas Capital has acquired PwC's U.S. Public Sector Business.
PwC's U.S. Public Sector practice helps federal, state, and local governments solve business issues, manage risk and add value in financial management, program management, operations improvement, and security and data management, the company's Website claims. Key areas of IT focus involve Salesforce deployments.
PwC may sell off the government consulting business to eliminate potential conflicts of interest with the company's audit arm -- where government opportunities also are growing rapidly.
Multiple M&A deals have unfolded in the government IT services market this year. Example deals include:
- DXC Technology combining its U.S. public-sector business with Vencore Holding and KeyPoint Government to create a $4.3 billion IT services company.
- System One Inc. acquiring acquired GAP Solutions Inc., a professional services firm and IT solutions provider that supports U.S. federal clients.
- Data Systems Analysts (DSA) acquiring Project Performance Company (PPC), a government-focused IT solutions provider that specializes in enterprise systems development and integration, knowledge management, cybersecurity, energy management and environmental sustainability.
- Acccenture (ACN) acquiring Phase One, an Arlington, Virginia-based government IT consulting firm.
- MacAulay-Brown Inc. (MacB) acquiring Enlighten IT Consulting (EITC), which will become a wholly-owned subsidiary of the government-focused cybersecurity specialist.
