Mercer Consulting Group, a leading corporate strategy and human resource consulting firm, has tentatively agreed to acquire Delta Consulting Group, a New York-based corporate organizational design and change management consultant.
Terms of the transaction, which is expected to close in May, were not disclosed.
Mercer, also based in New York, serves clients from 188 offices located in the North and South America, Europe and Asia. It is part of the global professional services firm Marsh & McLennan Companies, Inc.
Delta works with Fortune 500 companies -- including Bristol-Myers Squibb, Corning, Lucent Technologies, and The New York Times Co. -- to develop organizational structures required to implement new business strategies.
"Delta is a key strategic acquisition," said Mercer Consulting Group President Peter Coster. "The quality of its people and thinking will strengthen our ability to help clients develop their business strategies, create the organization best suited for implementing those strategies, and support and reward the people who make the strategies successful."
Delta Consulting Group was founded in 1980 and employs approximately 100 individuals in offices in New York and San Francisco. Delta's CEO, David A. Nadler, will head the new Mercer Delta unit and join the board of directors of Mercer Consulting Group.
Edited by Christine Woolsey