Oliver Wyman, the global management consulting firm and a business of Marsh, has entered into an agreement to acquire CR3 Partners, a consulting firm specializing in transition, turnaround, and distress advisory services. The transaction is expected to close later in the current quarter, with financial terms not disclosed.
As part of the deal, 62 professionals from CR3 Partners will join Oliver Wyman across multiple cities, deepening the combined firm’s capabilities in restructuring, liquidity management, operational improvement, and crisis response. CR3 Partners has established a track record advising companies, boards, lenders, and other stakeholders through the turnaround and restructuring process across industrials, retail, healthcare, energy, and financial services.
The acquisition responds to growing demand from clients navigating operational and financial stress in an environment marked by elevated interest rates, shifting consumer behavior, and sector-specific disruption. CR3 Partners brings a bench of senior practitioners with hands-on restructuring experience, a profile that complements Oliver Wyman’s broader strategic consulting capabilities and extends the firm’s ability to support clients from distress through recovery and long-term performance improvement. Oliver Wyman is a business of Marsh, which reports annual revenue of $27 billion and more than 95,000 colleagues advising clients across 130 countries.
The combined practice will deliver integrated restructuring and transformation solutions to financial lenders, private equity sponsors, and corporate clients across industries, spanning both the strategic advisory work that Oliver Wyman is known for and the operational turnaround execution that has defined CR3 Partners’ reputation. Managing Partner and Global Head of Capabilities Michael Zeltkevic described the acquisition as a natural extension of Oliver Wyman’s performance transformation platform, adding capabilities that expand what the firm can deliver globally for clients in crisis or transition.
The deal reflects a broader consolidation trend in professional services, as major consulting firms seek to build out full-cycle advisory capabilities that can serve clients from strategy through operational execution. For Oliver Wyman, absorbing a specialized turnaround firm strengthens its position in a segment of the market that has seen rising deal flow as corporate stress levels increase across sectors.
KEY QUOTES:
“This acquisition underscores our focus on supporting clients during pivotal moments of transformation. CR3 Partners’ hands-on turnaround expertise complements our strategic capabilities and expands our ability to help organizations stabilize performance and build long-term resilience.”
Tim Hoyland, Partner and Head of Americas Restructuring, Oliver Wyman
“We look forward to bringing our combined capabilities to a broader set of clients, at greater scale, and backed by Oliver Wyman’s geographic footprint, deep industry expertise, and strong performance transformation capabilities.”
William Snyder, Senior Managing Director and Partner, CR3 Partners
