Advisory, broking and solutions company Willis Towers Watson has acquired specialist mergers & acquisitions (M&A) broker Risk Capital Advisors that has operations in Australia, New Zealand and South Africa.
Terms of the transaction were not disclosed.
The acquisition by the London-headquartered Willis Towers Watson is expected to broaden its offering to clients in a growing M&A market in the Australasia region, the firm said in an announcement on Thursday. The acquisition is effective immediately.
Sydney-Risk Capital Advisors will become a fully integrated part of the company’s FINEX global line of business, it added.
“RCA is the foremost team in Australasia for warranty and indemnity insurance. This offering builds on our current FINEX specialties and supports the growing client needs and market dynamics we are experiencing locally,” said Head of Australasia Simon Weaver.
RCA, set up in 2011, provides insurance advisory and brokerage services, and other specialist M&A products. The deal covers more than ten executives across Australasia and South Africa, plus one in the US.
Earlier this week, Willis Tower Watson completed its acquisition of TRANZACT, a direct-to-consumer health care organization that links individuals to US insurance carriers.
In fact, in the recent months, the firm has made moves for inorganic growth. In June, it announced the formation WTW Strategic Ventures that will make early stage investments in companies pursuing next-generation innovation, bolstering access to cutting-edge ideas and trends.
In addition to the launch of WTW Strategic Ventures, Willis Towers Watson also announced the formation of a new Growth Board that will increase the company’s organic innovation efforts by supporting early-stage ideas that have the potential to create new markets, new customer channels and new business models.