Oliver Wyman has acquired TeamSAI, a provider of management consulting and technical services to the aerospace and aviation industry. TeamSAI will be integrated into CAVOK, the firm’s aviation and aerospace division. The combined capacities of the firms will, according to Oliver Wyman, place their expertise and offerings at the forefront of the industry. Terms of the deal have not been disclosed.
TeamSAI is a specialised consultancy and technical services supplier to the global aerospace and aviation industry. Founded in 1990 the firm operates out of Atlanta, United States. The firm is specialised in maintenance advisory, supply chain, certification and compliance, and technical support services. TeamSAI also provides offerings in turnkey technical service known as M&E Solutions that supports various carriers under multi-year agreements, and runs a well-known research house that serves the industry.
CAVOK was founded in 1996 and has since grown to one of the leading aviation consultancies in the US. The firm was acquired by Marsh & McLennan Companies in 2007, and serves as a division of its management consultancy unit, Oliver Wyman. CAVOK current clients include air carriers, maintenance, repair, and overhaul (MRO) facilities, regulatory bodies, manufacturers and financiers.
In line with Oliver Wyman’s ambition to boost its footprint in the aerospace and aviation industry, the firm has recently acquired TeamSAI for an undisclosed sum. The move will bolster and deepen its aerospace and aviation expertise, creating according to the consultancy an entity with “a deep source of expertise with over 130 dedicated, full-time specialists who assist airlines, MRO providers, lessors and other aviation and aerospace stakeholders with mission-critical issues surrounding certification, safety, and performance and execution support.” Roger Lehman, Oliver Wyman’s Transportation Practice Leader, states: “TeamSAI has a strong presence in the marketplace and complementary MRO expertise which will deepen and expand our offering set at CAVOK and further reinforce our position in the industry. We are eager to share our strength and capability with the industry.”
Chris Doan, TeamSAI’s CEO, adds: “Joining CAVOK and Oliver Wyman’s Transportation Practice allows us to scale up our consulting, advisory and technical services in a differentiated way and offer our clients a slate of new and valuable offerings.”
For Oliver Wyman it is the first acquisition in a while. Its last major transaction dates from August 2013, when it purchased Corven, an energy consultancy with roughly 50 consultants across offices in the UK and US (Houston, Boston, Chicago). Prior to that, the firm acquired a string of consultancies, including among others ChapterHouse and Academee (both UK), Hemeria (France), Celent and Harbour Consulting (both global firms).