FTI Consulting buys US engineering firm Platt Sparks

06 November 2014 Consultancy.uk

Global consulting firm FTI Consulting has acquired Platt, Sparks & Associates Consulting Petroleum Engineers (‘Platt Sparks’), a US-based advisory and engineering firm that specialises in the oil & gas sector. 14 professionals will join FTI’s Energy, Power & Products industry team. Financial terms of the transaction have not been disclosed.

Platt Sparks, which was founded in 1980, provides petroleum engineering services and assistance in dispute resolutions. In recent years the Austin (US) based firm has served clients throughout North America and in 17 other countries around the globe.

FTI Consulting employs more than 4,200 workers in 26 countries. The consultancy provides a wide range of financial advisory, management consulting and IT consulting services. During fiscal 2013, FTI Consulting generated revenue of $1.65 billion.

FTI Consulting - Platt Sparks Associates

With the addition of Platt Sparks, FTI Consulting significantly expands its US oil, gas and energy consulting service offerings. “We believe that the addition of Platt Sparks’ engineering professionals to FTI Consulting’s energy professionals in Houston and throughout the world will put us in a unique position to serve our clients throughout the upstream, midstream and downstream energy sectors, both domestically and internationally," says John Klick, Global Leader of the Economic Consulting segment at FTI Consulting.

As part of the transaction, 14 employees of Platt Sparks will join FTI, and be part of the Energy, Power & Products industry team within the firm’s Economic Consulting business segment. The practice – which will be rebranded to FTI Platt Sparks – will remain under the leadership of Terry D. Payne, President of Platt Sparks, who joins FTI Consulting as a Senior Managing Director. “Joining FTI Consulting allows us to provide our clients with a total range of services that complement well with what Platt Sparks and FTI Consulting have been able to provide historically. We believe FTI Consulting, with its unique combination of extensive energy expertise and seasoned managerial and executive experience in dispute management, damages analysis, public policy and expert testimony, is the ideal partner to enhance our ability to serve our clients,” comments Payne.

John Klick and Terry Payne

In addition to the newly established Austin office, FTI also operates a 43-person office in Houston and a 60-person office in Dallas.

Last year FTI Consulting acquired the Insurance industry practice of Distinct Consulting, a midsized consulting firm with offices in Dublin, London and New York.

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”