Deal Spotlight: Ankura Acquires Two Divisions From Navigant

Deal Spotlight: Ankura Acquires Two Divisions From Navigant

On June 25, 2018, Navigant Consulting, Inc. (“Navigant”), a provider of professional services, announced that it will sell its Disputes, Forensics and Legal Technology (“DFLT”) segment and Transaction Advisory Services (“TAS”) practice to Ankura Consulting Group, LLC (“Ankura”), a leading business advisory and professional services firm. The merged firm is expected to have 1,400+ employees in over 34 offices and ~$500 million in revenue. Navigant intends to return up to $175 million of the proceeds to shareholders through its previously announced repurchase program. The deal is expected to close during the third quarter of 2018.

View the Ankura deal profile here.