BRASILIA: Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC) announced today the intended acquisition of GAMA Consultores Associados, one of the largest independent retirement consulting firms in Brazil.
Through the acquisition of GAMA, Mercer will gain a presence in Brasilia in addition to our existing operations in Sao Paulo and Rio de Janeiro. Our expanded footprint will allow us to better serve clients in the northeast and central parts of Brazil. We will also be adding a talented team of actuaries.
“Growth in the Brazilian market is part of our aim to bring innovative and market-leading solutions to clients everywhere they operate,” said David Anderson, President, Growth Markets Region for Mercer. “The combination of GAMA and Mercer will provide a business partner for growth to multinational clients operating in Brazil as well as local and regional clients seeking to expand outside of Latin America.”
“Our union with Mercer brings unique competitive advantages for our people, our clients and the market,” said Antonio Fernando Gazzoni, founder and President of GAMA. “The ability to deliver expanded international expertise, drive intellectual capital, and create differentiated products and solutions is aligned with our commitment to provide our clients with access to the best advice in the marketplace. Our combination with Mercer makes the possibilities for our clients and our people all that much greater.”
“This strengthens our ability to serve the Brazilian market with world class retirement and health benefits solutions,” said Mauricio Amaral, CEO of Mercer Brazil. “GAMA’s strong brand and reputation for client service make them a culturally aligned partner for Mercer. Together we will have an outstanding team of professionals with the ability to expand our complementary retirement services offerings as well as deliver additional Mercer solutions and products in all the key regions of Brazil.”
The transaction is expected to close in the fourth quarter of 2015. Terms of the deal were not disclosed.
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