FTI Consulting Completes Acquisition of KordaMentha (Qld) Assets
HONG KONG, Oct. 2, 2012 /PRNewswire/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value, today announced that it has concluded the acquisition of the assets of KordaMentha (Qld) (KMQ), a corporate finance advisory and restructuring firm headquartered in Brisbane, Australia, and the Gold Coast.
This announcement follows the completion of definitive documentation and customary closing conditions. The acquisition will significantly expand the presence and service offerings of FTI Consulting in Australia, adding nearly 70 professionals, including seven senior managing directors and three managing directors. The KMQ business now will operate as FTI Consulting. As part of FTI Consulting, the two business units of KMQ, KMQ Insolvency and 22 Capital, have been integrated into the company's Corporate Finance/Restructuring practice and will be a driver to build out other service lines and augment existing Australian businesses.
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 3,800 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 $1.56 billion in revenues during fiscal year 2011. 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 performance of the acquired business will not differ from the company's expectations. Factors that could cause company expectations to differ include the pace and timing of the integration of the acquisition, the company's ability to realize 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, Inc.