FTI Consulting Enters Latin American Market With Acquisition of Holder International
Expands Investigations and Forensic Accounting Practice
Baltimore, MD - January 10, 2007
FTI Consulting, Inc. (NYSE: FCN), the leading global consulting firm to organizations confronting the critical legal, financial and reputational issues that shape their futures, today announced that it has acquired Holder International. Holder International is a leading risk mitigation firm serving multinational corporations, regional holding companies, banks, private equity firms and high net worth individuals throughout Latin America and the Caribbean, as well as the U.S., Spain and Portugal.
With approximately US$7 million in annual revenues, a staff of 25 poly-lingual professionals at its headquarters in Miami, offices in Buenos Aires and Sao Paulo, and offices to be opened in early 2007 in Mexico City and Madrid, Holder International provides comprehensive business risk solutions including investigative due diligence services, fraud and corporate investigations, business intelligence, forensic audit and crisis management services to the world's leading organizations. The purchase price was approximately $9.0 million, payable through a combination of cash and restricted shares of FTI's common stock. Holder International will be part of FTI's expanding Investigations and Forensic Accounting practice, within its Forensic and Litigation Consulting segment.
Holder International was founded by Frank Holder in 2005. A former Special Agent with the Office of Special Investigations, Mr. Holder founded Holder Associates in 1995, which was later acquired by Kroll, Inc. in 1998. He ran Kroll´s Latin America region before becoming the worldwide President of Kroll´s Consulting Services Group. Mr. Holder resigned from Kroll in 2005 to found Holder International.
Jack Dunn, president and chief executive officer of FTI, said, “The acquisition of Holder International is another important step in expanding our global platform to service our clients wherever they need our capabilities. It provides FTI with an entry into the Latin American market through a leading risk management and investigations firm, where the Holder professionals have in-depth local knowledge and a rapidly growing operational base.”
Frank Holder said, “My team and I feel this is a tremendous opportunity for our clients in terms of bringing a broader range of services and greater geographical scope. FTI is a premium service provider with a fantastic reputation, whose offerings complement ours well. Holder International and FTI share the same values, the same dedication to professionalism and responsiveness with our clients, and we look forward to working even more closely together.”
About FTI Consulting
FTI is a leading global firm that organizations rely on for advice and solutions in the areas of forensic analysis, investigation, economic analysis, restructuring, due diligence, strategic communication, financial communication and technology when confronting the critical legal, financial and reputational issues that shape their futures.
FTI delivers solutions every day through its network of nearly 2,000 professionals in offices in every major business center in the world.
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