NU Online News Service, Aug. 4, 1:36 p.m. EDT
Marsh & McLennan Companies has completed its deal to sell risk consulting firm Kroll to Altegrity Inc.
The New York-based services company, the parent company of insurance broker Marsh and reinsurance broker Guy Carpenter, announced completion of the sale last night.
The all-cash transaction, announced on June 7, is valued at $1.13 billion.
Falls Church, Va.-based Altegrity, an information provider in screening, risk analysis and security solutions, is principally owned by Providence Equity Partners and is led by former MMC and Kroll chief executive Michael G. Cherkasky.
As part of its second-quarter earnings announcement yesterday, MMC said the transaction would be completed by next week, ahead of schedule.
