M&A Deal Summary

Marsh & McLennan Acquires Oliver Wyman

On February 24, 2003, Marsh & McLennan acquired business services company Oliver Wyman

Acquisition Highlights
  • This is Marsh & McLennan’s 1st transaction in the Business Services sector.
  • This is Marsh & McLennan’s 1st transaction in the United States.
  • This is Marsh & McLennan’s 1st transaction in New York.

M&A Deal Summary
Date 2003-02-24
Target Oliver Wyman
Sector Business Services
Buyer(s) Marsh & McLennan
Deal Type Add-on Acquisition

Target

Oliver Wyman

New York, New York, United States
Oliver Wyman, Inc. a strategy consulting firms, combining deep industry knowledge with specialized expertise in strategy, operations, risk management, and organizational transformation.

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Buyer(S) 1

Buyer

Marsh & McLennan

New York, New York, United States
Category Company
Founded 1871
Sector Insurance
Employees85,000
Revenue 22.7B USD (2023)
DESCRIPTION

Marsh & McLennan is a global professional services firm offering clients advice and solutions in risk, strategy and people. Marsh & McLennan is the parent company of a number of risk experts and specialty consultants, including: Marsh, the insurance broker, intermediary and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman Group, the management, economic and brand consultancy. Marsh & McLennan was established in 1871 and is based in New York City.

DEAL STATS #
Overall 4 of 15
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 3 of 14
State (New York) 1 of 2
Country (United States) 1 of 7
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-08 Saldana & Associates

San Juan, Puerto Rico

Saldana & Associates an insurance broker in Puerto Rico and the Caribbean. Company serves a diversified book of local and multinational clients in the region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-02 Axis Capital

Pembroke, Bermuda

Axis Capital is a provider of specialty-lines insurance and treaty reinsurance for customers around the world. Axis maintains operating subsidiaries in Bermuda, Ireland, and the United States. Axis Capital was founded in 2001 and is based in Pembroke, Bermuda.

Sell -
Mergr

Product

Company

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