CR3 Partners Acquired by Oliver Wyman | Professional Services M&A Deal

Oliver Wyman has acquired CR3 Partners, a management consulting business in Texas, for $31M. CR3 Partners is a Dallas-based restructuring and turnaround advisory firm providing bankruptcy advisory, liquidity management, and performance improvement services across industrials, retail, healthcare, energy, and financial services. Oliver Wyman acquisitions aim to expand restructuring, operational improvement, and crisis response capabilities for lenders, private equity sponsors, and corporate clients in multiple U.S. markets including Houston and New York. The professional services M&A is structured as an add on acquisition, with 62 CR3 Partners professionals expected to join Oliver Wyman ahead of a close later in the quarter.