Breaking Background Screening News: Kroll to be sold
May 7, 2008
This topic created a big buzz at last months NAPBS (National Association of Professional Background Screeners) Conference. It was rumored that Marsh & MacLennon could not fit the Kroll group into its portfolio of companies. This latest moves solidifies this rumor. It appears that the core “employment screening” aspect of Kroll will remain with Marsh, but other areas will be sold off.
Weeks after reportedly rebuffing a bid for its Kroll unit, Marsh & MacLennan Cos. (MMC) said it will sell parts of the business.
Insurance broker Marsh & MacLennan bought corporate security and investigations firm Kroll in 2004, but never successfully integrated it into the larger business, said Brian Duperreault, Marsh & MacLennan’s chief executive during the company’s first-quarter earnings call Wednesday.
During the quarter, the company undertook a restructuring of Kroll, to separate the businesses it expects to keep from those it will seek to sell.
Duperreault said that he considers Kroll’s employment-screening, business- intelligence and investigations operations “core Kroll,” and intends to incorporate those more closely into Marsh and MacLennan.
Kroll’s corporate restructuring group should also perform well in the current economic downturn, Duperreault said.
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