Kekst CNC is working with Grant Thornton as it sells its public sector advisory practice to Guidehouse, a portfolio company of Veritas Capital, which invests in companies operating at the intersection of technology and government.
Seth Siegel, CEO of Grant Thornton, says the deal enables his firm to sharpen its focus on its integrated offerings across its audit, tax and corporate advisory offerings.
It also enhances Grant Thornton's capital position and "creates compelling opportunities" for staffers, added Siegel.
The transaction is expected to close by year-end.
Grant Thornton generated $2B in revenues during fiscal 2021. It has more than 9,000 staffers.
Kekst CNC has Daniel Yunger, Nathan Riggs, Anntal Silver, Mark Fallati and Hallie Wolff handling the Grant Thornton deal.
Publicis Groupe owns Kekst CNC.