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Global strategy and operations consulting firm Mercer Management
Consulting, Inc., has signed a letter of intent to acquire the assets
of CAVOK International, Inc., a Texas-based market leader in airframe
maintenance solutions and air carrier certification support. The
letter of intent sets forth certain conditions including the signing
of a definitive agreement. The transaction is expected to close no
later than May 15, 2007. The terms of the transaction were not
disclosed.
CAVOK is an aviation services firm that supports air carriers,
repair agencies, and OEMs with the design, development, and deployment
of regulatory operational processes and documentation that conform to
Safety Management System (SMS) concepts, in support of FAA
certification. CAVOK also supports carriers adding new fleets, and
related aircraft conformity inspections. CAVOK also designs, builds,
and maintains aircraft maintenance inspection programs, and assists
carriers with the associated reliability data collection and analysis
necessary to maintain and enhance those programs, and the air
carrier's operation.
Mercer Management Consulting is a global leader in consulting to
the Aviation sector. Its clients include many of the world's largest
air carriers and maintenance, repair, and overhaul (MRO) providers, as
well as the financial institutions, leasing companies, and suppliers
that support the industry.
Peter Walsh, Director of Mercer's global Aviation, Aerospace &
Defense practice, said: "The combined value proposition of CAVOK and
Mercer will be a unique differentiator in meeting the needs of our
Aviation and MRO clients around the world. Mercer's strategy and
operations expertise in aircraft maintenance, lean operations, and
third-party revenue growth will be complemented by CAVOK's
industry-leading expertise in maintenance program development and
regulatory/certification requirements."
Jim Sturgis, President and CEO of CAVOK, noted: "We believe this
is an excellent strategic fit for both our companies. Mercer's global
reach, client base, and industry reputation provide our organization
the opportunity to accelerate the expansion of our global footprint
while providing access to additional resources needed to address
emerging issues in aviation and, specifically, the MRO sector. This is
a win for our customers, our employees, and our shareholders."
Mercer Management Consulting serves clients from 26 offices in the
Americas, Asia, Europe, and the Middle East. The firm is one of the
Mercer Specialty Consulting businesses of Marsh & McLennan Companies,
Inc. (MMC).
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