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Mercer to Acquire Portions of Evaluation Associates
In a related transaction, Callan Associates Inc. will acquire from Evaluation Associates its public sector investment consulting business.
Upon completion, this will be Mercer’s second acquisition of an investment consulting firm in 2011, having completed its acquisition of Hammond Associates effective January 3, 2011 (see Mercer to Acquire Foundations and Endowments Consultant). A Mercer news release said the Evaluation Associates acquisition further strengthens Mercer’s investment consulting in the U.S.
The acquisition is expected to close on or near the end of the second quarter of 20111. Terms of the agreement were not disclosed.
According to the announcement, by cooperating on this transaction, Mercer and Callan are able to pursue their separate, strategic goals in the investment consulting market. The alliance between Mercer and Callan also helps to ensure that Evaluation Associates’ public sector clients will benefit from a seamless and coordinated management transition.
Evaluation Associates, based in Norwalk, Connecticut, has assets under advisement of approximately $200 billion and 115 clients.You Might Also Like:
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