Avascent: Oliver Wyman completes Avascent acquisition

Global management consulting firm Oliver Wyman has completed the acquisition of Avascent, an aerospace and defence (A&D) management consulting firm focused on the corporate and private equity sectors. Image copyright Shutterstock Avascent complements Oliver Wyman's strong position and reputation across the aviation, aerospace and defence industry globally. For more than 15 years, Avascent has been the preeminent specialist management consulting firm serving clients across aerospace, defense, and government sectors. Avascent is also the leading boutique private equity and M&A advisor in the A&D space and the combination of Avascent and Oliver Wyman will create a team with unparalleled experience in both deal and post-transaction work. "We are excited to have completed this deal and welcome our new colleagues to Oliver Wyman," said Nick Studer, President and CEO, Oliver Wyman. "Together we will greatly expand our expertise in the aerospace and defence sector with corporate and private equity clients." Avascent is based in the US, Canada, UK and France, with an extended network of clients and senior advisors around the world. A team of approximately 130 professionals, including 10 partners, will join Oliver Wyman and will be integrated into Oliver Wyman's Transportation & Services and Private Capital practices. The terms of the transaction were not disclosed.