Oliver Wyman acquires Booz Allen’s MENA management consulting practice

07 April 2022 Consulting.us 2 min. read

Oliver Wyman has agreed to acquire Booz Allen Hamilton’s Middle East and North Africa (MENA) management consulting and cybersecurity practices. Financial terms of the transaction, which is expected to complete this year, were not disclosed.

The deal will give Oliver Wyman a “management consulting practice fully dedicated to the MENA region” and will accelerate the firm’s growth position in the Middle East, according to a press release.

Booz Allen’s management consulting and cybersecurity businesses in the region will be rolled into Oliver Wyman’s India, Middle East, and Africa (IMEA) practice.

Oliver Wyman is based in New York and is a subsidiary of Marsh McLennan. The firm has more 5,500 people across 30 countries and provides consulting services in strategy, operations, risk management, and organizational transformation.Oliver Wyman acquires Booz Allen’s MENA management consulting practice“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.”

Booz Allen’s MENA management consulting and cyber practices focus on serving public and private sector organizations across energy, financial services, and real estate.

As part of the deal, Souheil Moukaddem, EVP and MENA managing director at Booz Allen, will join Oliver Wyman’s management leadership council, which is headed by Pedro Oliveira.

“Oliver Wyman provides the management consulting focus, investment, and culture that will allow our people and clients to thrive, while enabling Booz Allen to retain a core focus on serving U.S. government clients at the center of mission and technology,” said Karen Dahut, Booz Allen’s global defense sector president.

Booz Allen, one of the leading firms in the government IT consulting space, will continue to serve its US government clients in the MENA region and will continue to provide proprietary cyber, defense, and security solutions and support to clients in the region.

Oliver Wyman last year acquired the life sciences strategy practice of US-based Huron Consulting Group.