SEI Corp. has reached an agreement to sell its Capital Resources unit to Alexander & Alexander Consulting Group for a price close to $8 million, according to sources close to the company. The two sides were said to be ``crossing the t's and dotting the i's,'' hoping to finalize an agreement next week, when SEI holds its annual client conference.
SEI Corp. president Hank Greer would not comment, saying negotiations were ongoing with three firms. A spokesman for Alexander said the company had no comment.
Alexander, Boston Institutional Advisors and Lynch, Jones & Ryan had been previously mentioned as bidders.