WASHINGTON, April 26, 2016 /PRNewswire/ -- Ankura Consulting Group (Ankura), a business advisory and expert services firm, announced today that it has agreed to a strategic combination with ARPC, a financial and economic consulting firm with over 40 years of experience assisting law firms, corporations and governments with complex legal and business challenges.
ARPC and its professionals bring extensive quantitative and organizational capabilities to Ankura and, together, the two firms will offer a broad range of services that help clients prepare for and manage complex issues. The management teams of both Ankura and ARPC will remain in place with both having significant ownership positions in the combined firm. Ankura will shift its headquarters to Washington, DC.
"A strong foundation exists between the Ankura and ARPC principals, built upon mutual respect and trust from previous working relationships and years of knowing each other," said Roger Carlile, founder and Chief Executive Officer of Ankura. "We look forward to welcoming ARPC and its entire team to Ankura, where we can build leading positions in growing sectors by attracting, developing and retaining the very best talent in our chosen fields."
"We have known Roger and the other leaders of Ankura for over 20 years, and we are thrilled to team with such a dynamic organization, with a collaborative culture and a personal commitment to client service," said Tom Florence, Ph.D., founder and Partner of ARPC. "Together, we are well positioned to expand and strengthen our areas of expertise and mobilize quickly to address rapidly changing environments."
"Through the strategic combination of Ankura and ARPC, we aspire to an environment where our professionals can maximize their potential," said Philip Daddona, Co-President of Ankura. "Our firm's collaborative culture enhances our ability to deliver solutions to our clients' critical challenges and capitalizes on opportunities to enhance value."
Led by a management team with leadership experience at some of the world's top consulting firms, Ankura provides expert, personalized counsel to clients facing business opportunities and risks from changing conditions. Over the last year, the firm has achieved strong growth, broadening and deepening its expert talent and opening or acquiring offices in Dallas, New Jersey, New York, Washington, D.C., Atlanta and Los Angeles.
Over the last quarter, the firm has been even more active, announcing first a $100 million strategic growth commitment from Madison Dearborn Partners, and more recently acquiring turnaround and restructuring experts Marotta Gund Budd & Dzera.
Headquartered in Washington, D.C., ARPC possesses a substantial breadth and depth of expertise in a range of economic and financial disciplines. ARPC is a leader in providing advisory and management services in mass tort and other complex situations. It is particularly well known for its ongoing management and support to a number of the largest settlement trusts in existence. ARPC will operate under the Ankura brand name following an appropriate brand transition period.
The combined firm will focus on deepening its presence in growing, segments such as anti-trust and competition consulting, corporate investigations, crisis and recovery consulting, forensic and dispute consulting, financial risk and controls advisory, geopolitical advisory, mass tort and product liability consulting, transaction advisory, turnaround and restructuring, valuation services and visual communications consulting.
About Ankura Consulting Group
Ankura Consulting Group is a business advisory and expert services firm. Its deep understanding of the opportunities and challenges clients face enables its team to provide impactful, senior-level counsel. As an independent firm built on five key principles – Integrity, Quality, Diversity, Collaboration and Longevity – Ankura's relationships extend beyond one engagement or issue. The firm empowers its industry experts to provide a high-touch, unique approach for its clients in critical times. Ankura's offering includes a wide range of corporate investigation, disputes/litigation support, expert witness, forensic accounting, geopolitical advisory, transaction advisory, turnaround and restructuring, valuation, visual communications and business advisory services. For more information: www.ankuraconsultinggroup.com.
ARPC is an expert services and business advisory firm dedicated to providing world-class analytical expertise and guidance to clients facing complex legal and business challenges. For over 40 years, ARPC's consultants have assisted law firms, corporations, governments and non-profit organizations in addressing their economic and financial concerns in the courtroom, board room and marketplace through their economic, financial, statistical, business analytics and operational expertise. For more information: www.arpc.com.
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SOURCE Ankura Consulting Group