M&A

Veritas closes deal for PwC U.S. public sector arm

Veritas Capital said Tuesday it has closed the acquisition of the now-former PricewaterhouseCoopers U.S. public sector business that will eventually take on a new name upon completion of current rebranding efforts.

First announced in February, the deal for an undisclosed price adds another government market business to Veritas’ portfolio even as the private equity firm has reshuffled its holdings over the past year. The investment group is in the process of merging Vencore and KeyPoint Government Solutions with DXC’s U.S. public sector business into the future “Perspecta.”

New York City-based Veritas acquired Peraton last year when it was the Harris Corp. IT business and Veritas also owns Alion Science and Technology.

The PwC U.S. public sector business has almost 1,500 partners and staff with cabinet-level customers such as the departments of Defense, Health and Human Services, Homeland Security and Veterans Affairs.

The business was ranked No. 72 on the 2017 Washington Technology Top 100 ranking with $279.2 million in prime contracts.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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