- Brasilia-based firm will extend Mercer footprint into central region
- Complements Mercer offerings with strong pension consulting business
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.
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and careers of their most vital asset – their people. Mercer’s more than 20,000 employees are based in 43 countries and the firm operates in over 140 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With annual revenue of $13 billion and 57,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.
Founded in 1998 by Antonio Fernando Gazzoni, GAMA Consultores Associados is a Brazilian company specialized in providing consulting and advisory services for the health and private pensions segments. The firm’s main focus is the development and design of pension plans and actuarial valuations along with audits in the actuarial, pension and health plan sectors.
With a highly specialized team of professionals, GAMA seeks to establish a trust-based relationship with its target audience and has become widely known for high quality services, having built an expansive client portfolio throughout the years. GAMA is one of the largest independent actuarial consultancies in Brazil.