FD Acquires Latin American Communications Firm Gravitas
Gravitas Becomes Platform for Strategic Growth in Key Region, Specializing in Strategic and Crisis CommunicationsNew York, NY - June 21, 2007
FD, the leading global business communications firm and the strategic communications arm of FTI Consulting Inc. (NYSE: FCN), announced today the acquisition of Gravitas, an established Latin American strategic communications firm based in Colombia and Panama. This agreement establishes FD's presence in the important Latin American marketplace, broadening the scope of services provided to its global client base.
With 25 professionals across its offices, FD Gravitas (as the company will be known) will continue to be led by founding partners Miguel Silva, Camilo Granada, Ricardo Santamaria and Juanita Ochoa. FD Gravitas is distinguished by its depth of expertise in strategic and crisis communications services across leading industry sectors including energy, transportation, and finance, as well as governmental bodies and trade organizations. The firm has a scope of services that mirror FD's core offerings and an extensive track record advising both national and global organizations. FD Gravitas has advised the governments of Brazil, Panama, Nicaragua, Colombia, El Salvador and Bolivia; multinational corporations including BP, General Electric, Microsoft, Northrop Grumman, Coca-Cola, Drummond, Airbus, Visa, Groupe Casino; and regional entities such as the Panama Canal Authority, Corona, Banco de Colombia, Valorem, Ocensa, Casa Editorial El Tiempo and Promigas.
“Having successfully worked together for many years on a number of client assignments, partnering with Gravitas was a natural next step as FD continues to strengthen our global platform and enrich our communication capabilities with local knowledge and perspective,” said Declan Kelly, CEO of FD in North America. “Gravitas' local expertise together with FD's worldwide network will benefit clients that operate or have interest in the region, while also providing FD with a stronger capability to provide Spanish-language communications services to our clients around the world.”
The addition of FD Gravitas provides several key advantages to FD. Latin America has increasingly become an active economy whose participants face issues requiring strategic consulting services and a mastery of the local marketplace, combined with the benefit of a global viewpoint. In this way, existing FD clients with business interests in the Latin American region are assured a seamless experience with a proven team attuned to their specific needs. Conversely, FD Gravitas clients can now benefit from an expanded global network of support around the world through FD.
“We were attracted to FD because of its excellent reputation and similar focus on strategic communications, public affairs and crisis communications,” said Miguel Silva, Partner and Director, Gravitas. “In teaming up with the world's most sophisticated business communications firm, we are providing our clients and staff access to FD's international network, expertise and intellectual capital. To be recognized by a firm like FD is a testament to our people and what we have been able to accomplish together since founding the firm.”
One of the most highly regarded consultancies in the communications industry, FD employs more than 550 staff and advises more than 750 clients worldwide through its hub offices in London and New York, as well as its network of wholly-owned offices in Boston, Chicago, San Francisco, and Washington, D.C. in the US, as well as Bahrain, Beijing, Cape Town, Dubai, Dublin, Frankfurt, Hong Kong, Johannesburg, Manchester, Moscow, Paris, and Stockholm. With a 20 year history of advising clients in both the private and public sectors, FD's services include financial public relations, investor relations, public affairs, crisis and issues management and corporate, business-to-business and business-to consumer communications. FD is also a market leader in M&A advisory work. FD is structured around specialist sector teams operating on an international basis, covering consumer industries, financial services, basic industries, business services, life sciences & healthcare, media, technology and telecommunications. FD is a division of FTI Consulting Inc. For more information, please visit www.fd.com.
About FTI Consulting
FTI Consulting Inc. (NYSE: FCN) is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 2,000 professionals located in most major business centers in the world, the firm works closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. For more information, please visit www.fticonsulting.com.
About Gravitas M
Gravitas was founded by Miguel Silva, Camilo Granada, Ricardo Santamaria and Juanita Ochoa and has offices in Bogotá and Panamá. Its four partners have extensive experience in crisis management, business communications and politics. Current and recent clients and corporate experience of the firm and the firm's partners include several business groups, trade associations, financial institutions, foundations, universities, multilateral organizations and national and multinational companies, in Panamá, Colombia and other countries in the region. In its portfolio of public experience it has long history with government communications, designing communications strategies in Mexico, Argentina, Brazil, El Salvador, Nicaragua, Panama, Bolivia, Colombia, and Peru. Gravitas was the agency that designed the strategy for the Panama Canal referendum that approved the Canal's extension last year. For more information, please visit www.gravitascomunicaciones.com.
Evan Goetz, Jennifer Gill, 212-850-5600
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