Chicago is My Home

21
Apr

Navigant Consulting in Chicago to Acquire Chicago Partners For $73 Million

Author: Adam Fendelman, Category: Business

CHICAGO – In a $73 million deal announced on Monday, the Chicago-based international firm Navigant Consulting said it will acquire Chicago Partners, which one of Chicago’s top economic and financial analysis consulting companies.
The $73 million deal is comprised of $50 million in cash and $23 million in stock.

Chicago Partners will be become Navigant’s fourth operating segment. Chicago Partners will join Navigant’s already-existing North American dispute and investigative services, its North American business consulting services and its international consulting operations. The new economics segment will be lead by Chicago Partners President John Garvey.

“We are excited about the long-term growth opportunities created through our combination with Navigant Consulting,” Garvey said in a Monday statement. “Navigant provides our professionals with expanded geographic reach and access to complementary professional teams and expertise.”

By Megan O’Neil