Global business advisory firm FTI Consulting, Inc. (FCN) recently strengthened its global Insurance practice business line with the acquisition of Distinct Business Consulting Limited, an affiliate of international specialist corporate advisory firm WD Scott Limited. With the transaction, 41 professionals (including two senior managing directors and four managing directors will become an integral part of the global Insurance practice service offering of FTI Consulting.
The transaction is a win-win situation for both the participating companies. With a combination of analytics-based principles and deep industry expertise, Distinct helps clients to increase profitability, reduce cost, and manage complex risk. It utilizes proprietary data analytics tools, which are focused on customer patterns, risk profiles, income drivers and profit levers to identify organizational change and deliver economic value through profit improvement. By collaborating with FTI Consulting, Distinct will offer its customers a global platform and enhance its own growth prospects.
On the other hand, the acquisition significantly enhances FTI Consulting’s Insurance practice portfolio across the globe. By integrating the senior executives of Distinct, FTI Consulting can also leverage the human capital and benefit from their rich industry know-how. Moving forward, Distinct’s expanded network in Dublin, London and New York and its skilled professionals are expected to reap synergistic benefits for both the companies.
FTI Consulting primarily caters to the needs of its global clients by providing financial advisory services. The company’s strategy to expand through acquisitions, particularly in the international markets, remains one of its key growth drivers.
Based in Baltimore, MD., FTI Consulting provides specialized consulting services across 24 foreign countries with a total headcount of more than 4,000 employees. The company has a team of highly qualified professionals who provide problem-solving and technology services primarily to major corporations, financial institutions and law firms.
FTI Consulting currently has a Zacks Rank #3 (Hold). Other players in the industry that are worth mentioning include CBIZ, Inc. (CBZ), Corporate Executive Board Co. (CEB) and Huron Consulting Group Inc. (HURN), each carrying Zacks Rank #2 (Buy).