Altegrity to acquire Kroll for $1.13 billion

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Falls Church-based Altegrity plans to acquire Kroll Inc. from March & McLennan Cos. in an all-cash deal valued at $1.13 billion. The two companies announced a definitive agreement today that’s expected to close by late September subject to regulatory approvals.

The acquisition of the New York-based Kroll would give Altegrity, an international screening and security solutions company, a much bigger footprint in the field of risk analysis and investigations.  “Altegrity and Kroll will leverage their combined resources to develop new and innovative solutions for government and commercial clients across a global platform,” Mike Cherkasky, Altegrity’s CEO and a former CEO of Kroll, said in a statement.

Altegrity is owned by Providence Equity Partners LLC of Providence, R.I., a private firm that specializes in equity investments in media, entertainment, communications and information companies. Goldman Sachs & Co. and Apollo Investment Corp. are providing debt financing for the transaction. Once it closes, Altegrity will grow from a company with 8,000 to11,000 employees in 30 countries. 

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