Ankura goes global after buying Navigant divisions for $470 million

30 August 2018 Authored by Consulting.us

Ankura recently closed the acquisition of Navigant’s Disputes, Forensics and Legal Technology (DFLT) segment and the Transaction Advisory Services (TAS) practice. The deal more than doubles its headcount, while giving the legal risk and compliance consultancy a global footprint.

Earlier this summer, Washington, DC-based management consultancy Ankura announced its intention to acquire the Disputes, Forensics and Legal Technology (DFLT) segment and the Transaction Advisory Services (TAS) practice of Navigant – a global management consultancy based in Chicago. Now, the deal valued at $470 million has closed.

Founded only in 2014, Ankura has rapidly spread across the US, providing clients with deep expertise in forensics, risk & compliance, data & technology, litigation & disputes, turnaround & restructuring, and strategy & operations. The addition of Navigant’s DLFT and TAS businesses have heavily strengthened Ankura’s legal, risk, compliance, and forensics offerings, while also reinforcing its data and technology capabilities. The deal also adds Navigant’s global Construction practice to Ankura.

Critically, the deal has reforged Ankura as a truly global consultancy. Whereas previously the firm had 14 US offices, the Navigant deal has now swollen that number to 37 global offices – including locations in Austria, the UK, Australia, Singapore, Hong Kong, Qatar, and the UAE.

Ankura goes global after buying Navigant divisions for $470 million

Its headcount has also leaped from 575 consultants to over 1,400. Meanwhile, the deal places the firm at $500 million in annual revenues – making Ankura one of the globe’s largest private legal risk and compliance consultancies.

“Navigant’s DFLT and TAS businesses bring a global footprint and complementary expertise to Ankura, enhancing our client offerings, deepening our relationships with clients, and creating exciting new career opportunities for our people,” said Roger Carlile, CEO of Ankura. “I am thrilled to welcome our new colleagues who share our passion, growth-oriented mindset and motivation for success.”

“I look forward to working with them and our existing team members as we build a unique business advisory firm with worldwide scale and expanded capabilities to comprehensively and effectively address the diverse and complex challenges facing our clients today,” added Carlile.

As part of the deal, Navigant’s former DLFT segment leader – David Tortorello – as well as Navigant’s former Construction practice leader and head of Disputes and Economics outside the US – Darin Buchalter – will join Ankura’s Board of Directors and Executive Committee.

“Joining Ankura and its well-respected leadership team ensures that the DFLT and TAS businesses are set to thrive and grow,” commented Tortolrello. “We are thrilled to be a part of this innovative, solutions-oriented firm and to help build upon Ankura’s collaborative, nimble approach to client service.”

Ankura recently made some changes to its senior leadership – appointing Ben Seto as chief financial officer, Gina Ciavarro as chief information security officer, and Angela Cinefro as chief people officer. The fast-growing firm also recently added seasoned technology consultant Thomas Emmons as a managing director at its New York office.

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