Willis Risk Services, the Ireland-based subsidiary of
Willis Group Holdings
), announced that it has entered into a deal to acquire Attain
Consulting and its sister company Trustee Principles. The financial
and other terms of the deal were not disclosed.
Attain Consulting primarily provides traditional pension
consulting, pension scheme review consulting, industrial relations
management and human resource conflict management services while
Trustee Principles mainly provides pension trusteeship
The acquisition is expected to enhance Willis Risk's employee
benefits business as the experienced staff of Attain Consulting
will perk up the quality of service provided to clients.
Furthermore, the takeover will increase the strength of its
employee benefits workforce to 70 from 60, thereby making the
company's actuarial team one of the largest in the U.S.
Following the acquisition, Trustee Principles will expand its
service offerings to provide all kinds of trustee services.
Moreover, the actuarial and legal support provided by Willis Risk
will help the company to expand its client base considerably.
The Zacks Consensus Estimate for Willis Group's second-quarter
2012 currently stands at 59 cents per share, down about 3.9%
year-over-year. 3 of the 13 estimates were revised downward in the
past 30 days, while no upward revisions were witnessed.
The company competes with
Arthur J Gallagher & Co.
Validus Holdings, Ltd.
Erie Indemnity Co.
We maintain our long-term Neutral recommendation on the shares
of Willis. The company currently carries a Zacks #3 Rank, implying
a short-term Hold rating.
GALLAGHER ARTHU (AJG): Free Stock Analysis
AON PLC (AON): Free Stock Analysis Report
ERIE INDEMNITY (ERIE): Free Stock Analysis
VALIDUS HOLDING (VR): Free Stock Analysis
WILLIS GP HLDGS (WSH): Free Stock Analysis
To read this article on Zacks.com click here.