M&A Deal Summary

MAXIMUS Acquires VES Services

On April 21, 2021, MAXIMUS acquired business services company VES Services for 1.4B USD

Acquisition Highlights
  • This is MAXIMUS’s 2nd transaction in the Business Services sector.
  • This is MAXIMUS’s largest (disclosed) transaction.
  • This is MAXIMUS’s 6th transaction in the United States.
  • This is MAXIMUS’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-04-21
Target VES Services
Sector Business Services
Buyer(s) MAXIMUS
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) Raymond James - Investment Banking (Financial)

Target

VES Services

Houston, Texas, United States
website
VES Services is a provider of Medical Disability Examinations to determine Veterans’ eligibility for compensation and pension benefits. VES Services was founded in 2011 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

MAXIMUS

Tysons, Virginia, United States

website


Category Company
Founded 1975
Sector Business Services
Employees39,500
Revenue 4.6B USD (2022)
DESCRIPTION
MAXIMUS' corporate headquarters in Reston, Virginia.
MAXIMUS' corporate headquarters in Reston, Virginia.

MAXIMUS is an operator of government health and human services programs in the United States, United Kingdom, Canada, Australia and Saudi Arabia. The Company delivers business process services to improve the cost effectiveness, efficiency and quality of government-sponsored benefit programs, such as the Affordable Care Act, Medicaid, Medicare, Children's Health Insurance Program (CHIP), Health Insurance BC (British Columbia), as well as welfare-to-work and child support programs around the globe. MAXIMUS was formed in 1975 and is based in Tysons, Virginia.


DEAL STATS #
Overall 8 of 8
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (Texas) 1 of 1
Country (United States) 6 of 6
Year (2021) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Attain - Federal Division

McLean, Virginia, United States

Attain's Federal Division provides automation, digital expertise, and robust technology solutions for federal government clients.

Buy $430M