Oliver Wyman, a global leader in management consulting, and a business of Marsh McLennan announced that it has entered into an agreement to acquire SeaTec Consulting Inc. a leading provider of consulting, engineering, and digital expertise across the aviation, aerospace and defense, and transportation industries. SeaTec will join CAVOK, a division of Oliver Wyman, focused on aviation services.
For more than 20 years, SeaTec’s deep industry knowledge, paired with technical and digital expertise, has delivered high value programs for clients. SeaTec has a long-standing record of excellence by providing expertise and insight to clients on aircraft acquisitions, engineering, maintenance records, MRO IT systems replacements, operational improvement, and supply chain solutions.
“SeaTec perfectly complements our CAVOK business while also extending our technical services and technical consulting capabilities giving us an opportunity to further scale the business globally,” said Anthony DiNota, senior vice president of CAVOK. “SeaTec’s focus on helping clients solve complex problems and improve processes directly aligns with Oliver Wyman’s core offerings. The combination of CAVOK and SeaTec will provide powerful and unmatched offerings to clients.”
“We’ve long respected the CAVOK team and their capabilities. We are excited about the growth opportunities for the business and what the future holds for us together,” said Paul Harper, managing partner of SeaTec.
“Our companies share a strong set of core values including caring for our customers and our people. Joining the CAVOK team furthers the SeaTec mission to deliver excellence, delight our customers, and unleash the potential of our people and our clients” added SeaTec chairman, Tim Rider.
“As a firm with deep expertise, Oliver Wyman and our Transportation Practice are excited about the enhanced capabilities to serve our clients. This combined team will enable Oliver Wyman, CAVOK and SeaTec to continue to make a significant impact in operations, cost, reliability and safety for the aviation, defense, and transportation industries,” said Brian Prentice, Partner at Oliver Wyman.
SeaTec is based in Atlanta, GA and has offices across the US, Canada, and UK with an extended network of clients and senior advisors around the world. The firm’s employees will join Oliver Wyman and integrate with CAVOK.
The transaction is expected to close in the first quarter of 2024. This is Oliver Wyman’s second recent acquisition in the aviation consulting industry. In November 2022, Oliver Wyman acquired Avascent, an aerospace & defense management consulting firm focused on the corporate and private equity sectors.