Altegrity seals $1.13bn deal for Kroll
Marsh & Mclennan lose $800m in sale of corporate detective business
Security company Altegrity has successfully negotiated the $1.13
billion (£779 billion) acquisition of Kroll from US insurance group
Marsh & Mclennan (M&M).
Kroll, the corporate detective agency, was sold by M&M for a
loss of around $800 million after purchasing the firm for $1.9
billion six years ago.
The deal will create one of the largest global corporate
security firms, employing around 11,000 employees.
Mike Cherkasky, chief executive officer of Altegrity, will be
re-united with the firm he ran from 2001 to 2004.
He said: "Our clients look to Altegrity for information and
insight to make smarter decisions.
"The combination of Kroll and Altegrity broadens our
capabilities with the addition of a portfolio of industry-leading
services to help clients identify and manage risk."
Kroll employs around 3,000 employees across its offices in 27
different countries, while the firm's European headquarters are
based in London.
The firm famously uncovered the hidden assets of a number of
dictators, including Saddam Hussein.