Oliver Wyman Expands Technical Aviation Expertise in Europe with Acquisition of the Business of AVISA – Press Release

LONDON–(Business Wire)–Global management consultancy Oliver Wyman today announced the
acquisition of the business of UK-based AVISA Aviation Safety Systems.
The move signals the expansion of its technical consulting and services
division, CAVOK, into Europe.

AVISA Aviation Safety Systems is a leading technical consultancy that
also provides airworthiness management support and training for major
international airlines, regulatory authorities, aircraft engineering
firms, commercial, civil, and military aviation industries.

The AVISA team of specialists will be fully integrated into the broader
CAVOK operations and services portfolio. This creates an expanded source
of expertise of more than 130 professionals who assist airlines, MRO
providers, lessors, and other aviation and aerospace stakeholders with
mission-critical issues surrounding certification, safety, training, and
performance and execution support for technical operations. The European
headquarters of CAVOK will be based in the London Gatwick area.

David A. Marcontell, CAVOK’s General Manager, said: “Since its
inception, CAVOK has steadily grown into North America’s preeminent air
carrier and MRO regulatory and certification advisory firm, as well as a
leading player in airline technical support services. For our expansion
into Europe we looked for firms with similar capabilities and
credibility. AVISA is a perfect fit with its EASA-approved Continuing
Airworthiness Management Organization (CAMO) designation and reputation
as a highly-regarded training provider and regulatory guidance adviser.”

Phil Stuckle, AVISA’s Managing Director, said “We are extremely pleased
to be joining the CAVOK operation and look forward to the opportunity to
bring all of CAVOK’s long standing knowledge and experience into the
European marketplace.”

The terms of the transaction were not disclosed.

About Oliver Wyman
Oliver Wyman is a global leader in
management consulting. With offices in 50+ cities across nearly 30
countries, Oliver Wyman combines deep industry knowledge with
specialized expertise in strategy, operations, risk management, and
organization transformation. The firm has more than 4,500 professionals
around the world who help clients optimize their business, improve their
operations and risk profile, and accelerate their organizational
performance to seize the most attractive opportunities. Oliver Wyman is
a wholly owned subsidiary of Marsh
& McLennan Companies
[NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow
Oliver Wyman on Twitter @OliverWyman.

About CAVOK
CAVOK is an aviation services and consulting
firm that supports certification, safety and operational initiatives for
clients worldwide. Their deep industry expertise, collaborative
approach, and proprietary tools help clients adhere to the latest safety
standards, manage regulatory requirements, and improve process design
and efficiency to properly manage operational risk components and enable
significant economic benefit. Founded in 1996, CAVOK was acquired by
Oliver Wyman in 2007 and draws on the consulting firm’s strategic and
operational expertise in aviation and aerospace. In 2015, CAVOK further
expanded with its acquisition of TeamSAI. By combining CAVOK’s
operational expertise with Oliver Wyman’s management consulting
experience, clients gain access to a unique depth and breadth of
experience, tools, and acumen. Clients include air carriers,
maintenance, repair, and overhaul (MRO) facilities, regulatory bodies,
manufacturers and financiers. www.cavokgroup.com.

About AVISA Aviation Safety Systems
AVISA is a UK based
global market leader in aviation consultancy, training and airworthiness
management since 2004. With staff that have worked at the highest levels
of the UK CAA, major international airlines, regulatory authorities,
aircraft engineering firms, commercial, civil and military aviation
industries, AVISA holds EASA Part M Subpart G and Subpart I ARC
approvals, Bahrain CAA Part M approval, and ISO 9001:2008 designations.

Oliver Wyman
Francine Minadeo, +1-212-345-6417
Francine.Minadeo@oliverwyman.com

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