Marsh & McLennan Companies, Inc., a global professional services firm, and Altegrity, Inc, an international screening and security solutions company, today announced a definitive agreement under which Altegrity will acquire Kroll Inc. from MMC in an all-cash transaction valued at $1.13 billion. Altegrity is owned by Providence Equity Partners, a global private equity firm specializing in equity investments in media, entertainment, communications and information companies.
The transaction, which is expected to close by late September, is subject to regulatory approvals and other customary closing conditions.
Following the completion of the transaction, Altegrity companies will have approximately 11,000 employees across 30 countries providing information and insight to business leaders making decisions about employment, litigation, investment, security, risk and regulatory compliance matters.