Global business advisory firm
FTI Consulting, Inc.
) recently strengthened its global Insurance practice business
line with the acquisition of Distinct Business Consulting
Limited, an affiliate of international specialist corporate
advisory firm WD Scott Limited. With the transaction, 41
professionals (including two senior managing directors and four
managing directors will become an integral part of the global
Insurance practice service offering of FTI Consulting.
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The transaction is a win-win situation for both the participating
companies. With a combination of analytics-based principles and
deep industry expertise, Distinct helps clients to increase
profitability, reduce cost, and manage complex risk. It utilizes
proprietary data analytics tools, which are focused on customer
patterns, risk profiles, income drivers and profit levers to
identify organizational change and deliver economic value through
profit improvement. By collaborating with FTI Consulting,
Distinct will offer its customers a global platform and enhance
its own growth prospects.
On the other hand, the acquisition significantly enhances FTI
Consulting's Insurance practice portfolio across the globe. By
integrating the senior executives of Distinct, FTI Consulting can
also leverage the human capital and benefit from their rich
industry know-how. Moving forward, Distinct's expanded network in
Dublin, London and New York and its skilled professionals are
expected to reap synergistic benefits for both the companies.
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 4,000 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). Other
players in the industry that are worth mentioning include
Corporate Executive Board Co.
Huron Consulting Group Inc.
), each carrying Zacks Rank #2 (Buy).