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Administration January 8, 2002
IN-SOURCING – Aon Acquires Large Outsourcing Consultant
August 25, 2000 (PLANSPONSOR.com) - Aon Consulting
will acquire Somerset, NJ-based Actuarial Sciences Associates
(ASA) in a stock swap.
Reported by editors@plansponsor.com
The combination will reportedly create one of the largest outsourcing consultancies in the world.
The deal is expected to close in the next 60 days, pending regulatory approvals.
ASA was initially established as a wholly-owned subsidiary of AT&T in 1985, and currently has over 600 employees in 11 locations in the United States and Canada.
Current ASA CEO and founder, Michael Gulotta will assume the role of Chairman, North America Employee Benefits and Compensation Consulting for Aon Consulting.
Gulotta is currently serving the third year of a three-year term on the ERISA Advisory Council of the Department of Labor, a group he was named chairman of earlier this year.
– Nevin Adams editors@plansponsor.com