NEW YORK, November 1, 2022 /PRNewswire/ — Olivier Wymana global management consulting firm and a business of Marsh McLennan [NYSE: MMC]today announced the completion of the acquisition of Avascent, an aerospace and defense (A&D) management consulting firm focused on the corporate and private equity sectors.
Advanced Add-ons At Oliver Wyman’s a strong position and reputation in the global aviation, aerospace and defense industry. For more than fifteen years, Avascent has been the leading specialty management consulting firm serving clients in the aerospace, defense and government industries. Avascent is also the leading private equity and M&A advisor in the A&D space and the combination of Avascent and Olivier Wyman will create a team with unparalleled experience in transaction and post-transaction work.
“We are delighted to have reached this agreement and welcome our new colleagues Olivier Wyman,” said Nick StuderPresident and CEO, Olivier Wyman. “Together, we will significantly expand our expertise in the aerospace and defense sector with corporate and private equity clients.”
Avascent is based in the United States, CanadaUK and France and with an extensive network of clients and senior advisors around the world. A team of approximately 130 professionals, including 10 partners, will join Olivier Wyman and will be integrated into At Oliver Wyman’s Transport & Services and Private Capital practices.
Terms of the transaction were not disclosed.
Avascent is the leading strategy consultancy serving clients operating in government-led markets. Working with business leaders and financial investors, Avascent delivers sophisticated, evidence-based solutions in the areas of strategic growth, value capture, and M&A assistance. With deep industry expertise, analytically rigorous consulting methodologies, and a uniquely flexible service model, Avascent provides customers with the information and guidance they need to succeed in dynamic customer environments. To learn more about Avascent, visit avascent.com.
About Olivier Wyman
Olivier Wyman is a world leader in management consulting. With offices in over 70 cities across 30 countries, Olivier Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management and organizational transformation. The firm has more than 6,000 professionals worldwide who work with its clients to optimize their business, improve their operations and their risk profile, and accelerate their organizational performance in order to seize the most attractive opportunities. Olivier Wyman is a Marsh McLennan Company [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Olivier Wyman on Twitter @OliverWyman.
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