MMC Sells Kroll for $1.13 billion to security solutions firm Altegrity

Marsh & McLennan Companies announced yesterday the sale of its risk consulting subsidiary, Kroll, to global security solutions firm Altegrity. The purchase price of $1.13 billion cash values Kroll at approximately 1.7x 2009 sales and between 8x and 10x normalized 2009 EBITDA (assuming an EBITDA margin between 17-21%)