Tuesday, Altegrity Inc. and Marsh & McLennan Companies Inc. (MMC) announced the completion of the acquisition of Kroll Inc. by Altegrity. The agreement to acquire Kroll was announced on June 7, 2010, and was subject to certain regulatory approvals and other customary closing conditions.
Altegrity, which is principally owned by Providence Equity Partners, acquired Kroll from MMC in an all-cash transaction valued at $1.13 billion. Goldman, Sachs & Co. and Apollo Investment Corp. provided debt financing for the transaction.
Marsh & McLennan Companies Inc., a professional services company, provides advice and solutions in the areas of risk, strategy, and human capital. It operates in three segments: Risk and Insurance Services, Consulting, and Risk Consulting and Technology.
MMC closed Tuesday's trading at $23.93, up $0.05 or 0.21%, on a volume of 3.25 million shares on the NYSE.
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