Ankura, a business advisory and expert services firm, recently completed its acquisition of the Disputes, Forensics and Legal Technology (DFLT) segment and the Transaction Advisory Services (TAS) practice of Navigant. The addition of the DFLT and TAS businesses to Ankura's existing business advisory and expert services capabilities creates a unique global business advisory firm with over 1,400 employees in over 30 offices worldwide and over $500 million in revenues.
Founded in 2014, Ankura differentiates itself with an integrated approach utilizing customized solutions developed across disciplines to address the varied challenges and opportunities present in each client situation. Ankura offers deep expertise and experience in multiple disciplines, including forensics, risk, compliance, data and technology, litigation and disputes, turnaround and restructuring, and strategy and operations.
With the addition of the DFLT and TAS businesses, Ankura now has expanded forensics expertise, strengthened litigation and disputes capabilities, and a more comprehensive data and technology offering. Additionally, the DFLT and TAS businesses bring the leading global Construction practice to Ankura, adding a new vertical in addition to complementing Ankura's other offerings.
"There is strong cultural alignment and complementary expertise between Ankura and the DFLT and TAS businesses, which supports our vision to build Ankura as a firm based on collaboration and known for how we solve problems," said Philip Daddona, co-president of Ankura. "We share a responsive and entrepreneurial culture and are driven by the opportunity to find new and better ways to deliver the highest quality solutions and service to our clients. We are confident that the addition of our new colleagues advantageously positions, and continues to differentiate, Ankura in the marketplace."
As part of the acquisition, David Tortorello, formerly Navigant's DFLT segment leader, and Darin Buchalter, formerly leader of Navigant's global Construction practice and Disputes & Economics practice outside the United States, will both serve on Ankura's Board of Directors and Executive Committee.
The acquisition of Navigant's DFLT and TAS businesses was announced on June 25, 2018 and is valued at $470 million.