Business advisory firm FTI Consulting has acquired Forensic Accounting LLP, a London-based firm that provides expert witness and investigation services in accounting disputes, regulatory inquiries and due diligence reviews.
Baltimore-based FTI plans to integrate Forensic Accounting into its forensic and litigation consulting segment and make its London office the hub of its investigations and forensic accounting practice in Europe, the Middle East and Africa. FA specializes in damages assessment, financial modeling, valuation, fraud investigation, reconstruction of accounts and asset tracing.
Financial terms of the deal were not disclosed. FTI has made a number of other acquisitions lately, including the purchases of Brewer Consulting and Sante in the past year. Those deals, along with the FA purchase, have built FTI's London office into its largest, with more than 400 professionals.
"The advantage of joining up with FTI is to replicate globally what we've done in the U.K.," said Forensic Accounting co-founder Julia Wallace-Walker. "It will give FTI a hub in London to branch out globally and expand the FTI forensic litigation practice into Europe."
She and the other co-founders, Andrew Mainz, Raj Bairoliya and Dominic Wreford, along with Ian Trumper, a partner at FA, have joined FTI as senior managing directors. Thirty-one other FA employees will be joining FTI. The FA co-founders came from PricewaterhouseCoopers and will be working with former consultants from Ernst & Young at their new jobs.
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