FTI Consulting Acquires Taylor Woodings
Enhances Corporate Finance/Restructuring Presence in Australia
Strengthens Industry Expertise in Property, Construction and Mining
WEST PALM BEACH, Fla., April 4, 2013
WEST PALM BEACH, Fla., April 4, 2013 /PRNewswire/ --FTI Consulting (NYSE:
FCN), the global business advisory firm dedicated to helping organisations
protect and enhance their enterprise value, today announced that it has
acquired Taylor Woodings, an Australian specialist corporate advisory firm
with offices in Sydney, Melbourne, Perth and Brisbane. Terms of the
transaction were not disclosed.
Founded in 1994, Taylor Woodings is a specialist corporate advisory firm
focused on corporate recovery, restructuring, advisory and forensic services.
Taylor Woodings has established long-standing and deep relationships with
highly reputable market-leading companies in the region, including
multinational corporations, leading commercial and investment banks, and
international law firms. The acquisition will significantly expand the
geographic footprint and service offerings of FTI Consulting in Australia,
adding nearly 80 professionals, including nine senior managing directors, to
"Taylor Woodings is an exceptional complement to our existing capabilities and
will further enhance the firm's Corporate Finance/Restructuring practice in
Australia," said Rod Sutton, Chairman of FTI Consulting in Asia Pacific.
"Taylor Woodings' management team has built a national business with an
enviable reputation and deep industry expertise, particularly in the critical
property, construction and mining industries. We welcome our new colleagues
and look forward to introducing them to the strength of our global network."
Sutton added, "This acquisition is of broader strategic significance to FTI
Consulting as it further enhances our presence in the Australian market. We
now have Corporate Finance/Restructuring professionals in Sydney, Melbourne,
Perth and Brisbane. This footprint will serve as a strong foundation as we
build out our Forensic and Litigation Consulting and Technology offerings in
the region. The expanded network also promotes increased synergies with our
established Strategic Communications colleagues in Australia."
Commenting on the acquisition, Michael Ryan, Managing Partner, Taylor
Woodings, said, "Joining the FTI Consulting network provides our clients and
professionals with an established and broad global platform. We are proud of
the business we've built over the past 18 years and see FTI Consulting as the
ideal partner to enhance our growth in Australia, in the Asia Pacific region
All the business assets of Taylor Woodings will join the Corporate
Finance/Restructuring practice of FTI Consulting. The leader of the firm's
Corporate Finance/Restructuring practice in Australia will be John Park.
The Asia Pacific footprint of FTI Consulting has grown to represent each of
the company's five core business practices: Corporate Finance/Restructuring,
Forensic and Litigation Consulting, Economic Consulting, Technology and
Strategic Communications. FTI Consulting has Asia Pacific offices in
Australia, China, Hong Kong, India, Indonesia, Japan, the Philippines and
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 3,900 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 $1.58 billion in revenues during fiscal year 2012. 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 acquisition will perform as
expected. Factors that could cause company expectations to differ include the
timing and pace of the integration of the acquisition, the Company's ability
to realise 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
Contact: Investor Contact: Mollie Hawkes, +1.617.747.1791,
firstname.lastname@example.org; Media Contact: Andrew Stokes,
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