FTI Consulting, Inc
), a global business advisory firm, recently announced the
acquisition of Taylor Woodings - an Australian specialist
corporate advisory firm - for an undisclosed amount.
Post-acquisition, all the business assets of Taylor Woodings will
be a part of the Corporate Finance/Restructuring practice of FTI
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The transaction is a win-win situation for both the companies.
Taylor Woodings has a considerable footprint in Australia and is
focused on corporate recovery, restructuring, advisory and
forensic services. The company has an in-depth industry expertise
in the critical property, construction and mining industries. By
collaborating with FTI Consulting, Taylor Woodings will offer its
customers a global platform and enhance its own growth prospects
in the Asia-Pacific region.
On the other hand, the acquisition significantly enhances FTI
Consulting's corporate finance and restructuring services in
Australia by integrating the senior executives of Taylor
Woodings, including some 80 professionals and 9 managing
directors. The expanded network in Australia with an experienced
team is expected to reap synergistic benefits for both the
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.
Based in Baltimore, MD., FTI Consulting provides specialized
consulting services across 24 foreign countries with a total
headcount of more than 3,900 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 faces stiff competition from other players in the
industry, which include formidable names such as
CRA International Inc
). FTI Consulting currently has a Zacks Rank #3 (Hold). One of
Towers Watson & Co
) carries a Zacks Rank #1 (Strong Buy).