FTI Consulting, Inc. (
), a global business advisory firm, recently announced the
acquisition of The Salter Group, LLC - a leading provider of
business and intangible asset valuations - for an undisclosed
FTI Consulting primarily caters to the needs of its global
clients by providing financial advisory services. The company's
strategy to expand through acquisitions, particularly in the
international markets, remains one of its key growth drivers. The
demand for the company's specialized consulting services is
expected to grow significantly over the long term.
On the other hand, since its inception in 2003, The Salter Group
had handled more than 1,350 projects worth around $145 billion.
The addition of The Salter Group will strengthen FTI Consulting's
industry expertise in entertainment, media and life sciences.
Furthermore, as the continued challenging macroeconomic
environment entail levels of credible objectivity to assess
investments and lending risks, the acquisition is likely to be
synergistic in the long run. The transaction, therefore, is a
win-win situation for both the companies.
In the last reported quarter, FTI Consulting reported adjusted
earnings of 60 cents per share, which beat the Zacks
Consensus Estimate by a penny but fell well short of the year-ago
earnings of 70 cents a share.
Based in Baltimore, Maryland, FTI Consulting provides specialized
consulting services across 24 foreign countries with a total
headcount of more than 3,800 employees. The company has a team of
highly qualified professionals who provide problem-solving and
technology services primarily to major corporations, financial
institutions and law firms.
FTI Consulting currently has a Zacks Rank #3 (Hold) and a
long-term Neutral recommendation. One of its competitors,
Navigant Consulting Inc
) carries a Zacks Rank #2 (Buy).
FTI CONSULTING (FCN): Free Stock Analysis
NAVIGANT CONSLT (NCI): Free Stock Analysis
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