Marsh & McLennan Unit Acquires SeaTec Consulting
December 12 2023 - 1:38PM
Dow Jones News
By Denny Jacob
Marsh & McLennan unit Oliver Wyman agreed to acquire SeaTec
Consulting, which provides consulting, engineering and digital
expertise across industries including aviation and defense.
The transaction is expected to close in the first quarter.
The professional services firm said SeaTec will join CAVOK, a
division of Oliver Wyman, focused on aviation services. Employees
of Atlanta-based SeaTec will join Oliver Wyman and integrate with
CAVOK.
The planned acquisition follows one by Oliver Wyman in November
2022 when it acquired Avascent, an aerospace and defense management
consulting firm focused on the corporate and private equity
sectors.
Separately, Marsh & McLennan unit Mercer earlier this month
agreed to acquire Vanguard Group's outsourced chief investment
officer business.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
December 12, 2023 14:23 ET (19:23 GMT)
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