 Steven Gunby |
FTI Consulting reports today that revenue growth in its strategic communications group soared 24.3 percent to $57.5M during the second quarter due to a hike in project and retainer-based businesses from financial and PA clients.
The unit’s adjusted EBITDA jumped to $11M from $4.9M from last year’s quarter.
During the half, the stratcomm business posted revenues of $110.3m (+22.7 percent) and EBITDA of $20.9M (+128.6 percent).
CEO Steven Gunby noted that FTI enjoyed a record first-half performance.
Revenues for 2Q jumped 15.1 percent to $512.1M. The firm's $43.6M net income compared to a $5.2M 2017 loss.
Inspired by FTI’s solid results, Gumby upped the full-year revenues guidance to the $1.910B to $1.960B range from the earlier $1.825B to $1.875B forecast.
Kekst CNC represents Public Storage as it acquires National Storage Affiliates, which uses Joele Frank for media work, to create the world’s largest self-storage owner & operator.
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.”
