Global management consulting firm Oliver Wyman has agreed to acquire CR3 Partners, a consulting firm specializing in restructuring, management consulting, and bankruptcy advisory services.
The terms of the transaction, which is expected to close later this quarter, were not disclosed.
CR3 Partners is a Dallas-based national turnaround and performance improvement firm with additional offices in Atlanta, Boston, Charlotte, Chicago, Houston, Los Angeles, New York, and Richmond. The firm has led transformations across industrials, retail, healthcare, energy and financial services.
As part of the transaction, 62 professionals from CR3 Partners will join Oliver Wyman in multiple cities. William Snyder is senior managing at CR3 Partners.
Oliver Wyman said the acquisition will deepen its capabilities in restructuring, liquidity management, operational improvement, and crisis response. The combined firm aims to deliver integrated solutions for financial lenders, private equity sponsors, and corporate clients across industries.
“This acquisition underscores our focus on supporting clients during pivotal moments of transformation,” said Tim Hoyland, head of Americas Restructuring at Oliver Wyman.
New York-based Oliver Wyman, a business of Marsh, has annual revenue of $27 billion and more than 95,000 colleagues.
Topics
Mergers & Acquisitions
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