FTI Consulting Acquires Rubino & McGeehin Consulting Group
- Acquisition Extends FTI's Construction Industry and Government Contracts Solutions -
BALTIMORE, Feb. 12 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, announced today that it has acquired Rubino & McGeehin Consulting Group, Inc. ("RMCG"). Terms of the transaction were not disclosed.
Founded in 1980 and headquartered in Bethesda, MD with additional professionals located in Pennsylvania, Massachusetts and Florida, RMCG is a consulting firm with a primary emphasis in the construction and government contracts sectors. RMCG focuses on claims analysis, litigation support, Federal Acquisition Regulation consulting, government contract disputes and contract cost analysis. RMCG will be integrated into the Forensic and Litigation Consulting segment of FTI.
Jack Dunn, President and CEO of FTI, commented: "We are very pleased to welcome Pat McGeehin and his outstanding team of consultants to the company. This acquisition further broadens both the scope of services we offer and the geographic footprint of our growing Construction Solutions and Government Contracts practice, and is part of our efforts to expand our presence in these promising markets. RMCG brings a long history in the market and a stellar reputation, and will extend our ability to provide a comprehensive construction industry and government contracts dispute, litigation and investigations services. We think demand for these services will increase as the construction cycle matures and government contract compliance issues become more critical, and we will be positioned with the strongest and broadest capabilities to protect our clients in what could be a less collaborative business climate."
Pat McGeehin, co-founder and Chairman said: "Joining FTI is an exciting step forward for us. This transaction offers us global reach and a broader range of client opportunities, while we in turn will provide the Company's clients in the construction industry and government contracts arena with a new set of service capabilities."
With a diverse and experienced team of CPAs, construction experts, cost accounting experts and government contracting professionals, RMCG has become a nationally recognized consulting firm that provides practical and cost effective financial solutions to complex issues confronting both owners and contractors in the construction and government contract industries. RMCG works closely with public and private owners, contractors, and developers to design processes to avoid or mitigate disputes and litigation. The firm is recognized as a leader in expert witness testimony and litigation support services, but is also committed to partnering with clients to identify and eliminate practices that result in issues requiring legal remedies.
RMCG's key principals, Pat McGeehin, Wiley Wright, Matt Krafft, Bill Kime and Mark Malengo have joined FTI as Senior Managing Directors. Lou Rubino, while continuing in his role as Managing Shareholder of R&M Chartered (the former affiliate of RMCG), has signed a consulting agreement with FTI to perform litigation consulting services through FTI.
About FTI Consulting
FTI Consulting 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 2,400 professionals 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. 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 our future financial results. There can be no assurance that actual results will not differ from the company's expectations. The Company has experienced fluctuating revenue, operating income and cash flow in some prior periods and expects this will occur from time to time in the future. As a result of these possible fluctuations, the Company's actual results may differ from our projections. Further, preliminary results are subject to normal year-end adjustments. Other factors that could cause such differences include the pace and timing of the consummation and integration of past and future acquisitions, the Company's ability to realize cost savings and efficiencies, competitive and general economic conditions, 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. 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, Inc. -0- 02/12/2008 /CONTACT: Jack Dunn, President & CEO of FTI Consulting, +1-410-951-4800, Investors, Gordon McCoun, Media, Andy Maas, both of FD, +1-212-850-5600/ /Web site: http://www.fticonsulting.com / (FCN) CO: FTI Consulting, Inc.; Rubino & McGeehin Consulting Group, Inc. ST: New York IN: FIN CST SU: TNM WM-SM -- NYTU041 -- 3365 02/12/2008 07:30 EST http://www.prnewswire.com