Oliver Wyman Expands Energy Practice with Plans to Acquire Corven

(BUSINESS WIRE)-- Oliver Wyman has signed a definitive agreement to acquire Corven, a UK-based management consultancy primarily serving the energy sector.

With this acquisition, Oliver Wyman deepens its global footprint in the energy sector. “The energy sector is one of great importance to the world's economy, and it is a strategic priority for our firm,” says Scott McDonald, President of Oliver Wyman. “An expanded team of 40 partners and principals dedicated to energy clients allows us to scale up our consulting and advisory services in this crucial space in a differentiated way.”

Well known for its strategy, operational risk, and performance improvement capabilities, Corven has offices in London, Houston, Boston, and Chicago. Peter Walsh, head of Oliver Wyman's Manufacturing, Transportation & Energy business, observes that “Corven's recognized expertise complements our own. Together we're better positioned to solve the most significant business challenges our oil and gas, utilities, and infrastructure clients face, helping them to emerge as leaders in their chosen markets. ”

Francois Austin, a Founding Director of Corven, agrees. “This is an excellent strategic fit for both companies. Oliver Wyman, with its global reach, high-calibre team, intellectual capital and growth focus, is the right partner for us to build upon Corven's strengths and to achieve our organizational goals.”

About Corven

Corven is a global management consultancy and networking business focused on creating shareholder value through strategic change. Corven works with FTSE 100 and Fortune 500 companies on their most important management issues, delivering long-term results and building sustainable capability.

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in 50+ cities across 25 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm's 3,000 professionals help clients optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.