Kroll Changes Hands

Kroll, Inc., parent company of EDD service provider Kroll Ontrack, has been sold by insurance giant Marsh & McLennan to government security contractor, Altegrity, Inc.  MarshMac, who acquired Kroll in the summer of 2004 for $1.9 billion, will receive a reported $1.13 billion for the unit.  Wonder if some of Kroll's investigative skills will be tasked to find out what happened to that $770 million in value lost to shell-shocked shareholders like me?

It's likely a good move for Kroll--always a poor fit at Marsh and a minor contributor to revenues--and a homecoming of sorts, as former Kroll chief, Michael G. Cherkasky, now runs Altegrity.