Mercer Completes Acquisition of Investment and Alternatives Consulting, and Wealth Management Operations of
Pavilion Financial Corporation
Deal expected to give consultants and clients access to broader, deeper global research and
specialist resources
Mercer, a global consulting leader in advancing health, wealth and career, announced that it completed its acquisition of the
investment consulting, alternatives consulting and wealth management operations of Pavilion Financial Corporation (“Pavilion”)
effective November 30, 2018.
“Pavilion’s strength in the healthcare, insurance and endowment and foundation segments, coupled with Mercer’s global
intellectual capital, will support the delivery of customized, holistic solutions to our clients. We look forward to integrating
Pavilion’s not-for-profit consulting capabilities and its specialized alternatives advisory platform with our current client
offerings,” said Rich Nuzum, President of Mercer’s global wealth business. “Our priority and focus through the integration will
continue to be on helping clients achieve their goals.”
Daniel Friedman, the President and CEO of Pavilion Financial Corporation said, “In Mercer, we have found the right partner to
accelerate our clients’ access to tools, research and investment programs. The Pavilion name will represent Mercer’s U.S.
not-for-profit and insurance offerings. Our alternatives platform will feature the customized consulting offering of a
full-spectrum alternatives boutique, and the implementation and research capabilities of a truly global firm. Finally, wealth
management clients will have expanded advice and access to tools and products, including Mercer’s retirement savings investment
solutions.”
On August 14, 2018, Mercer announced it had signed separate, definitive agreements to acquire the aforementioned operations of
Pavilion as well as Summit Strategies Group. Mercer closed the Summit acquisition on November 15, 2018.
Terms of the agreements were not disclosed.
About Mercer
Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a
changing workforce. Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries.
Mercer is a wholly owned subsidiary of
Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and
people. With nearly 65,000 colleagues and annual revenue over $14 billion, through its market-leading companies including
Marsh,
Guy Carpenter and
Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more
information, visit
www.mercer.com. Follow Mercer on Twitter
@Mercer.
Alayna Francis
+44 207 178 3378
Alayna.Francis@mercer.com
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