FTI Consulting Snapped Madison Consulting Group, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
FTI Consulting, Inc. (NYSE:FCN) has acquired Madison Consulting Group, a firm specializing in actuarial consulting. This acquisition enhances FTI Consulting's property and casualty actuarial and compliance services within its Global Insurance Services practice. The financial terms of the deal were not disclosed.
March 04, 2024 | 12:33 pm
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FTI Consulting acquires Madison Consulting Group to bolster its actuarial and compliance offerings in the insurance sector.
The acquisition of Madison Consulting Group by FTI Consulting is likely to have a positive short-term impact on FCN's stock price. This move expands FTI's capabilities in the insurance sector, potentially opening up new revenue streams and enhancing its competitive position. The lack of disclosed financial terms makes the exact impact uncertain, but the strategic nature of the acquisition suggests a positive outlook.
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