FTI Consulting, Inc. FCN announced on Friday that it has agreed to acquire leading German restructuring advisory firm Andersch AG. The financial terms were not disclosed.
The acquisition, subject to German regulatory approval and other closing conditions, is anticipated to be completed during the third quarter of 2019.
Founded in 2012, Andersch serves German-based companies and their stakeholders facing operational, financial and strategic challenges. It has offices in Hamburg, Frankfurt and Dusseldorf.
Andersch’s Tammo Andersch, Mirko Liebthal, Christian Säuberlich, Karsten Schulze, Sebastian Philipp, Ralf Winzer and Mike Zöller will join FTI Consulting as Senior Managing Directors.
How Will FTI Consulting Benefit?
The acquisition will improve the company’s established strategic communications, economic consulting and construction solutions offerings in Germany.
It will expand FTI Consulting’s restructuring and business transformation capabilities to Germany, Austria and Switzerland, benefiting its Corporate Finance & Restructuring segment. The segment did well in the last reported quarter with revenues increasing 12.6% year over year.
Michael Eisenband, Global Co-Leader of the Corporate Finance & Restructuring segment at FTI Consulting stated, “With the addition of the Andersch team, we will extend our geographic reach in Continental Europe, with deep functional experience and broad industry expertise.”
Zacks Rank & Stocks to Consider
Currently, FTI Consulting carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader Zacks Business Services sector are Navigant Consulting NCI, NV5 Global NVEE and FLEETCOR Technologies FLT, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term expected EPS (three to five years) growth rate for Navigant Consulting, FLEETCOR and NV5 Global is 13.5%, 15.4% and 20%, respectively.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FleetCor Technologies, Inc. (FLT) : Free Stock Analysis Report
FTI Consulting, Inc. (FCN) : Free Stock Analysis Report
Navigant Consulting, Inc. (NCI) : Free Stock Analysis Report
NV5 Global, Inc. (NVEE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research