Oliver Wyman, a global leader in management consulting and a business of Marsh (NYSE:MRSH), today announced an agreement to acquire CR3 Partners, a consulting firm specializing in transition, turnaround, and distress. The terms of the transaction, expected to close later this quarter, were not disclosed.

The acquisition will deepen Oliver Wyman's capabilities in restructuring, liquidity management, operational improvement, and crisis response. CR3 Partners has established itself as a trusted partner advising companies, boards, lenders, and other stakeholders in the turnaround and restructuring process. Their deep bench of senior practitioners has led transformations across industrials, retail, healthcare, energy and financial services. Oliver Wyman and CR3 Partners will 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, Partner and Head of Americas Restructuring at Oliver Wyman. "CR3 Partners' hands-on turnaround expertise complements our strategic capabilities and expands our ability to help organizations stabilize performance and build long-term resilience. I'm delighted to welcome our new colleagues to the firm."

William Snyder, Senior Managing Director and Partner, CR3 Partners, added, "We look forward to bringing our combined capabilities to a broader set of clients, at greater scale, and backed by Oliver Wyman's geographic footprint, deep industry expertise, and strong performance transformation capabilities."

"I am excited to welcome CR3 Partners to our firm. Their expertise in turnaround and restructuring builds naturally on Oliver Wyman's strong performance transformation capabilities and expands what we can deliver for clients around the world," said Michael Zeltkevic, Managing Partner and Global Head of Capabilities.

As part of the transaction, 62 professionals from CR3 Partners will join Oliver Wyman in multiple cities.

About Oliver Wyman

Oliver Wyman is a business of Marsh (NYSE:MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow us on LinkedIn and X.

About CR3 Partners

CR3 Partners is a leading turnaround and performance transformation advisory firm dedicated to helping companies navigate distress, restore operational performance and maximize enterprise value. The firm's professionals combine decades of operational, financial and restructuring experience with results-driven approach that has earned the trust of clients across a wide range of industries and transaction types.

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Media contact:

Danielle Arceneaux

+1 929 215 8732

Danielle.Arceneaux@oliverwyman.com

Marsh's Oliver Wyman to Acquire Management Consulting Firm CR3 Partners