September 1, 2022
Dubai, UAE and McLean, VA —OliverWyman, a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), today announced the completion of its acquisition of Booz Allen Hamilton’s (NYSE: BAH) strategy consulting business serving the Middle East and North Africa (MENA) region. The financial terms of the agreement were not disclosed.
The deal, approved by local competition authorities, bolstersOliverWyman’s hallmark industry expertise acrossfinancial services, energy, the public sector, and more, while deepening its capabilities and services across cyber, climate, and sustainability.
“One of the most significant acquisitions forOliverWyman Group in the past 10 years, this move expandsOliverWyman’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,”commentedPedro Oliveira, Managing Partner,Oliver Wyman, India Middle East & Africa (IMEA).
Oliveira added, “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 withOliverWyman’s deep sector insights and expertise, we are delighted to contribute toOliverWyman’s exciting growth trajectory in the region,”commented Souheil Moukaddem, partner atOliverWyman and former partner and managing director for Booz Allen Hamilton MENA.“WithOliverWyman’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 inOliverWyman’s UAE and KSA offices, adding to a global community of more than 5,700OliverWyman employees with 70+ offices in 30 countries.
AboutOliverWyman
OliverWyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries,OliverWyman 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.OliverWyman is a business of Marsh McLennan [NYSE: MMC]. For more information, visitwww.oliverwyman.com. FollowOliverWyman on Twitter @OliverWyman.
Loren Naish,OliverWyman’s Head of Marketing, IMEA
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Jessica Klenk, Booz Allen Media Relations
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