 |
FTI
CONSULTING ACQUIRES RUBINO & MCGEEHIN CONSULTING GROUP
Acquisition Extends FTI’s Construction Industry and Government
Contracts Solutions
Baltimore, MD - February 12, 2008
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.

|
 |