Mercer Investment Consulting, Inc. is set to acquire investment consulting firm Evaluation Associates LLC.
This will be Mercer’s second acquisition of an investment consulting firm in 2011, having completed its acquisition of Hammond Associates, effective Jan. 3, 2011.
The acquisition is expected to close on, or near the end of, the second quarter of 2011. Terms of the agreement were not disclosed.
Evaluation Associates, based in Norwalk, Conn., with assets under advisement of approximately $200 billion and 115 clients, ranks as the 17th largest investment consulting firm worldwide.
“This acquisition, along with our acquisition of Hammond Associates earlier this year, underscores Mercer’s commitment to our investment business and our determination to increase our U.S. market share,” said Jeff Schutes, Mercer’s U.S. investment consulting leader.