Oliver Wyman to acquire Booz Allen’s MENA-based management consulting business
Oliver Wyman has entered into an agreement to acquire Booz Allen Hamilton’s management consulting business serving the Middle East and North Africa (MENA) region. The acquired entity will join Oliver Wyman’s India, Middle East and Africa (IMEA) practice, further bolstering its capabilities in both the Middle East and globally, as part of its commitment to delivering impact for clients and helping unlock greater value.
Booz Allen is a strategic advisory firm and one of the Middle East’s longest serving management consultancies, supporting clients across the private and public sector. With this acquisition, its MENA-based management consulting business will join Oliver Wyman’s more than 5,500 professionals worldwide fully focused on international management and strategy consulting, with dedicated investments in strategy, operations, risk management, and organizational transformation.
Oliver Wyman gains a management consulting practice fully dedicated to the MENA region, expanding the firm’s strategic capabilities and accelerating its growth position in the Middle East and beyond.
“With Oliver Wyman’s unwavering commitment to breakthrough impact, we’ve long admired Booz Allen Hamilton’s shared ethos of client excellence and deep sector expertise of the highest standards,” said Pedro Oliveira, Managing Partner of Oliver Wyman IMEA. “Indeed, Oliver Wyman and Booz Allen already share a long history, with two former Booz Allen Hamilton partners having founded Oliver Wyman, and we are deeply pleased this culture of entrepreneurship and DNA of deep-seated values endures some four decades later. We are confident this move to come together will offer exponential value to our clients, and we look forward to welcoming them to the Oliver Wyman team.”
Booz Allen’s MENA-based management consulting business has extensive experience in both the public and private sectors across Energy, Climate & Sustainability, Real Estate, Financial Services, and will enhance Oliver Wyman’s range of competences and advisory credentials in Environmental, Social and Governance (ESG), Climate & Sustainability, and more. Additionally, Booz Allen’s specialized Cybersecurity offering will boost Oliver Wyman’s rapidly growing Digital capabilities in the Middle East.
Booz Allen will continue to serve U.S. government clients requiring support within the MENA region, including in the Kingdom of Saudi Arabia and the United Arab Emirates. Booz Allen will continue to provide proprietary cyber, defense, and security solutions and related support to clients in the MENA region.
Booz Allen Executive Vice President and MENA Managing Director Souheil Moukaddem will join Oliver Wyman’s Management Leadership Council, led by Pedro Oliveira.
The transaction is expected to close in 2022 and is subject to customary closing conditions, including regulatory approvals. Terms of the transaction were not disclosed.