Thoughts on ways to improve the management of professional services firms

Thursday, March 07, 2013

FTI to acquire Taylor Woodings?

Back in September last year, US based FTI Consulting announced that it had acquired the assets of KordaMentha (Qld) (KMQ).

Founded in 1992, Brisbane based KMQ had operated under a licence agreement with KordaMentha since 2003 and specialised in turnaround and restructuring, corporate advisory and corporate recovery. The acquisition added nearly 70 professionals in Brisbane and the Gold Coast and market FTI's entry into the insolvency marketplace. It was a bit of a blow to KordaMentha. They have re-established in Brisbane, but the web site states that the Gold Coast office is being operated out of Brisbane. 

Now the Financial Review reports that FTI is close to finalising a deal to acquire insolvency firm Taylor Woodings to further extend its reach. Insolvency is interesting because its one of the few professional areas where service and market conditions actually facilitate multidisciplinary working. 

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