FTI Consulting, Inc. (NYSE:FCN) today announced that it has signed a definitive agreement to acquire The Schonbraun McCann Group in a transaction valued at approximately $125 million, of which approximately $100 million is in cash and approximately $25 million is in restricted FTI stock. In addition, there will be the opportunity for additional consideration if earnings exceed certain targets over the next five years. The Company expects to close on April 1, 2008.
INFO SOURCES
FTI Consulting, Inc. (NYSE:FCN)
FIRMS
The Schonbraun McCann Group LLP, (SMG) is a national real estate and finance consulting firm, headquartered in midtown Manhattan, with offices in New Jersey and Florida. Established in 1973, the firm currently has a staff of approximately 250 professionals and 13 partners and provides the following services: Mergers & Acquisitions, Real Estate Due Diligence, REIT Services, IPO Advisory, Tax Structuring & Compliance, Executive Compensation, State & Local Tax Services, Private Client Tax & Advisory Services, Restructuring & Bankruptcy, Lease Audit & Abstracting, Assurance Services, Hospitality, Litigation Support, Cost Segregation, Valuation Services, Family Wealth Management, and Financial Outsourcing.
The Schonbraun McCann Group is among the 100 largest consulting and accounting firms in the U.S. Crain's New York Business has ranked the firm among the largest in the New York area.
FTI Consulting, Inc. (NYSE: FTI) is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,000 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring.
Supporting Material