Deals & People May 26, 2011

Mercer to Acquire Portions of Evaluation Associates

Mercer Investment Consulting, Inc. has signed an agreement with Milliman, Inc., to acquire portions of its wholly-owned investment consulting subsidiary, Evaluation Associates LLC.
Reported by

In a related transaction, Callan Associates Inc. will acquire Evaluation Associates’ public sector investment consulting business.  

Upon completion, this will be Mercer’s second acquisition of an investment consulting firm in 2011, having completed its acquisition of Hammond Associates in January (see “Mercer to Acquire Foundations and Endowments Consultant“). The Evaluation Associates acquisition further strengthens Mercer’s investment consulting in the U.S., the company reported. 

The acquisition is expected to close on or near the end of the second quarter of 20111. Terms of the agreement were not disclosed.Evaluation Associates, based in Norwalk, Connecticut, has assets under advisement of approximately $200 billion and 115 clients.

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