London: Oliver Wyman has signed a definitive agreement to acquire Corven, a UK-based management consultancy focused on the energy sector; the terms of the acquisition were not disclosed.
Oliver Wyman says the deal 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."
Corven is well known for its strategy, operational risk, and performance improvement capabilities, and it 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, comments, "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."