FTI Consulting Acquires The Cambridge Group
Ticker: FCN · Form: 8-K · Filed: Jul 29, 2024 · CIK: 887936
Sentiment: neutral
Topics: acquisition, consulting, strategy
Related Tickers: FTI
TL;DR
FTI Consulting is buying The Cambridge Group to boost its strategy consulting biz. Deal expected Q3.
AI Summary
FTI Consulting, Inc. announced on July 25, 2024, that it has entered into a definitive agreement to acquire substantially all of the assets of The Cambridge Group, a management consulting firm. The acquisition is expected to close in the third quarter of 2024 and will significantly expand FTI Consulting's capabilities in strategic growth and innovation consulting.
Why It Matters
This acquisition strengthens FTI Consulting's position in the strategic growth and innovation consulting market, potentially leading to increased revenue and market share.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, potential overpayment, and failure to achieve expected synergies.
Key Players & Entities
- FTI Consulting, Inc. (company) — Acquiring company
- The Cambridge Group (company) — Acquired company
- July 25, 2024 (date) — Announcement date
- third quarter of 2024 (date) — Expected closing period
FAQ
What specific assets of The Cambridge Group are being acquired?
The filing states that FTI Consulting is acquiring 'substantially all of the assets' of The Cambridge Group, but does not provide a detailed list of these assets.
What is the financial impact of this acquisition on FTI Consulting?
The filing does not disclose the purchase price or specific financial terms of the acquisition, only that it is expected to close in the third quarter of 2024.
What is the strategic rationale behind acquiring The Cambridge Group?
The acquisition is intended to expand FTI Consulting's capabilities in strategic growth and innovation consulting.
When is the acquisition expected to be completed?
The acquisition is expected to close in the third quarter of 2024.
Are there any conditions precedent to closing the acquisition?
The filing mentions a definitive agreement but does not detail specific closing conditions.
Filing Stats: 1,356 words · 5 min read · ~5 pages · Grade level 14.3 · Accepted 2024-07-29 16:45:54
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share FCN New York Stock Exchan
Filing Documents
- d864741d8k.htm (8-K) — 37KB
- d864741dex991.htm (EX-99.1) — 82KB
- 0001193125-24-187685.txt ( ) — 262KB
- fcn-20240725.xsd (EX-101.SCH) — 3KB
- fcn-20240725_lab.xml (EX-101.LAB) — 17KB
- fcn-20240725_pre.xml (EX-101.PRE) — 11KB
- d864741d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 99.1 Transcript dated July 25, 2024 of FTI Consulting, Inc. 104 The Cover Page from FTI Consulting's Current Report on Form 8-K dated July 25, 2024, formatted in Inline XBRL. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, FTI Consulting, Inc. has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. FTI CONSULTING, INC. Dated: July 29, 2024 By: /s/ C URTIS P. L U Name: Curtis P. Lu Title: General Counsel 3