FTI Consulting Completes Acquisition of KordaMentha Assets
FTI Consulting (NYSE: FCN), the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value, today announced that it has concluded the acquisition of the assets of KordaMentha (Qld) (KMQ), a corporate finance advisory and restructuring firm headquartered in Brisbane, Australia, and the Gold Coast.
This announcement follows the completion of definitive documentation and customary closing conditions. The acquisition will significantly expand the presence and service offerings of FTI Consulting in Australia, adding nearly 70 professionals, including seven senior managing directors and three managing directors. The KMQ business now will operate as FTI Consulting. As part of FTI Consulting, the two business units of KMQ, KMQ Insolvency and 22 Capital, have been integrated into the company's Corporate Finance/Restructuring practice and will be a driver to build out other service lines and augment existing Australian businesses.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.