 Mark McCall |
FTI Consulting’s strategic communications group registered eight percent growth in Q4 revenues to $54.3M, powered by robust performances in Europe, Middle East and Africa. Operating income fell 24.9 percent to $4.8M.
Mark McCall, stratcomm chief, told O’Dwyer’s that London showed impressive gains in retainers, transactions and deal volume.
He said FTI cemented linkages between Frankfurt, Paris and Brussels to position for the post-Brexit world.
US business perked up following a slow first-half, a period when spending PA and government relations clients held back spending to take a measure of actions from the White House.
For the full-year, the stratcomm unit revenues inched ahead 0.7 percent to $192.5M, while operating profit slid 43.1 percent to $13.1M.
McCall, who took over from Ed Reilly in September, expects to build on Q4 revenue momentum to achieve solid gains in 2018. “We’re firing on all cylinders,” he said.
FTI Consulting registered a 5.8 percent rise in Q4 revenues to $467.7M. It earned $66.9M (which includes a $44.9M Tax Act benefit) vs. $7.1M a year ago.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
