Mercer and a new independent business entity, ORCHSE Strategies, LLC, have signed an agreement for a management buyout of Mercer’s HSE Networks business, which was originally acquired by Mercer in 2010 as part of ORC Worldwide.
According to a statement from the company:
“This transaction transferring the HSE Networks business to ORCHSE Strategies, LLC, is expected to close in December, 2013. The consultants and staff currently providing HSE Networks services at Mercer will begin delivering those same occupational safety and health and environmental services to our member companies as principals and staff of the new company commencing January 1, 2014. During the transition period over the next few months, we will remain with Mercer.
“Both Mercer and ORCHSE Strategies, LLC, have a keen appreciation for the unique relationship that the HSE Networks business and its consultants have with its member companies, for its heritage of providing unique forums for benchmarking and sharing best practices, and for its special position in the business community as a thought leader and a responsible, constructive voice among a broad range of stakeholders and government agencies. The new company will bring renewed commitment to achieving our 40-year mission at both ORC Worldwide and Mercer of helping organizations achieve safety, health and environmental excellence. We look forward to continuing our relationship with you in the years ahead.”