FTI Consulting Acquires Taylor Woodings
Enhances Corporate Finance/Restructuring Presence in Australia
Strengthens Industry Expertise in Property, Construction and Mining
WEST PALM BEACH, Fla., April 4, 2013 /PRNewswire/ -- FTI Consulting (NYSE: FCN), the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value, today announced that it has acquired Taylor Woodings, an Australian specialist corporate advisory firm with offices in Sydney, Melbourne, Perth and Brisbane. Terms of the transaction were not disclosed.
Founded in 1994, Taylor Woodings is a specialist corporate advisory firm focused on corporate recovery, restructuring, advisory and forensic services. Taylor Woodings has established long-standing and deep relationships with highly reputable market-leading companies in the region, including multinational corporations, leading commercial and investment banks, and international law firms. The acquisition will significantly expand the geographic footprint and service offerings of FTI Consulting in Australia, adding nearly 80 professionals, including nine senior managing directors, to FTI Consulting.
"Taylor Woodings is an exceptional complement to our existing capabilities and will further enhance the firm's Corporate Finance/Restructuring practice in Australia," said Rod Sutton, Chairman of FTI Consulting in Asia Pacific. "Taylor Woodings' management team has built a national business with an enviable reputation and deep industry expertise, particularly in the critical property, construction and mining industries. We welcome our new colleagues and look forward to introducing them to the strength of our global network."
Sutton added, "This acquisition is of broader strategic significance to FTI Consulting as it further enhances our presence in the Australian market. We now have Corporate Finance/Restructuring professionals in Sydney, Melbourne, Perth and Brisbane. This footprint will serve as a strong foundation as we build out our Forensic and Litigation Consulting and Technology offerings in the region. The expanded network also promotes increased synergies with our established Strategic Communications colleagues in Australia."
Commenting on the acquisition, Michael Ryan, Managing Partner, Taylor Woodings, said, "Joining the FTI Consulting network provides our clients and professionals with an established and broad global platform. We are proud of the business we've built over the past 18 years and see FTI Consulting as the ideal partner to enhance our growth in Australia, in the Asia Pacific region and globally."
All the business assets of Taylor Woodings will join the Corporate Finance/Restructuring practice of FTI Consulting. The leader of the firm's Corporate Finance/Restructuring practice in Australia will be John Park.
The Asia Pacific footprint of FTI Consulting has grown to represent each of the company's five core business practices: Corporate Finance/Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. FTI Consulting has Asia Pacific offices in Australia, China, Hong Kong, India, Indonesia, Japan, the Philippines and Singapore.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,900 employees located in 24 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The Company generated $1.58 billion in revenues during fiscal year 2012. More information can be found at www.fticonsulting.com.
Safe Harbor Statement
This press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks, including statements related to our expectations regarding this acquisition. There can be no assurance that the acquisition will perform as expected. Factors that could cause company expectations to differ include the timing and pace of the integration of the acquisition, the Company's ability to realise cost savings and efficiencies, competitive and general economic conditions, the retention of staff and clients, and other risks described under the heading "Item 1A. Risk Factors" in the Company's most recent Form 10-K and in the Company's other filings with the Securities and Exchange Commission, including, without limitation, risks related to operating in foreign jurisdictions. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.
SOURCE FTI Consulting