DUBAI, UAE and MCLEAN, Va., Sept. 1, 2022 /PRNewswire/ — Oliver Wyman, a global management consulting firm and a business of Marsh McLennan ( NYSE: MMC), today announced the completion of the acquisition of Booz Allen Hamilton’s ( NYSE: BAH) strategy consulting business serving the Middle East and North Africa (MENA). The financial terms of the agreement were not disclosed.
The deal, approved by local competition authorities, bolsters Oliver Wyman’s hallmark industry expertise across financial services, energy, the public sector and more, while deepening its capabilities and services across cyber, climate and sustainability.
“One of the most significant acquisitions for Oliver Wyman Group in the past 10 years, this move expands Oliver Wyman’s capabilities to tackle the issues and opportunities most important to our clients. Through this combination we will continue our relentless pursuit of impact that matters most,” commented Pedro Oliveira, Managing Partner – Oliver Wyman, India Middle East & Africa (IMEA).
Oliveira adds: “We have been delighted at the tremendously warm reception our mutual clients have offered since our announcement to combine teams, in favour of what we’ll be able to achieve together, at scale.”
“Combining Booz Allen’s respected regional legacy with Oliver Wyman’s deep sector insights and expertise, we are delighted to contribute to Oliver Wyman’s exciting growth trajectory in the region,” commented Souheil Moukaddem, Partner at Oliver Wyman and former Partner and Managing Director for Booz Allen Hamilton MENA. “With Oliver Wyman’s track record of success across IMEA, our combined teams are confident that together we can accelerate growth, for our clients as well as our business. Together we will achieve the amazing.”
Booz Allen’s MENA-based management consulting practice will join staff in Oliver Wyman’s UAE and KSA offices, adding to a global community of more than 5,700 Oliver Wyman employees with 70+ offices in 30 countries.
About Oliver Wyman
Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,700 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [ NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.
About Booz Allen Hamilton
For more than 100 years, military, government, and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital solutions, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by its most sensitive agencies. We work shoulder-to-shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision.
With global headquarters in McLean, Virginia, our firm employs nearly 29,300 people globally as of March 31, 2022, and had revenue of $8.4 billion for the 12 months ended March 31, 2022. To learn more, visit www.boozallen.com. ( NYSE: BAH)
SOURCE Oliver Wyman