Huron Consulting Group Adds Litigation Consulting Experts
CHICAGO - August 2, 2006 - Huron Consulting Group (NASDAQ: HURN), a leading provider of financial and operational consulting services, today announced the acquisition of FAB Advisory Services, LLC ("FABAS"). FABAS, founded and led by Frank A. Bernatowicz, assists clients with troubled situations by providing litigation consulting, fraud investigation, corporate reorganization, and other financial advisory services. Terms of the acquisition were not disclosed.
"We are pleased to welcome Frank and the FABAS team to Huron. Frank brings many deep relationships from his 20-plus years of advising companies involved in litigation and financial distress," said Gary E. Holdren, chairman and chief executive officer, Huron Consulting Group. "Business disputes and litigation increasingly demand expert analysis of business information, and Huron continues to be well-positioned to serve those needs in the marketplace."
"I am delighted to be joining forces with Huron to increase our market penetration and services to existing and emerging markets," said Frank A. Bernatowicz, CEO of FABAS. "The breadth and depth of experience of Huron professionals truly rank the company as a world class provider of financial and operational consulting services."
Bernatowicz has extensive experience in serving private and public corporations, municipalities, government agencies, insurance companies, and financial institutions in commercial disputes and other litigation consulting engagements. For more than 20 years, he has served as a damages expert and financial advisor on numerous prominent litigation matters in state and federal courts, as well as in arbitration and mediation settings. In addition, Bernatowicz has served as a financial advisor to a wide range of entities in financial distress.
During his career, Bernatowicz has held senior regional and national leadership positions at Ernst & Young. He was also the founder of the Chicago office of Jay Alix & Associates, an internationally recognized turnaround consulting firm. In addition, Bernatowicz has held senior leadership positions at PricewaterhouseCoopers and BDO Seidman. Bernatowicz will be joining Huron as a managing director in the Company's Disputes and Investigations practice. He and the four consultants from FABAS will be based in Huron's Chicago office.
About Huron Consulting Group
Huron Consulting Group helps clients effectively address complex challenges that arise in litigation, disputes, investigations, regulatory compliance, procurement, financial distress, and other sources of significant conflict or change. The Company also helps clients deliver superior customer and capital market performance through integrated strategic, operational, and organizational change. Huron provides services to a wide variety of both financially sound and distressed organizations, including Fortune 500 companies, medium-sized businesses, leading academic institutions, healthcare organizations, and the law firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.
Jennifer Frost Hennagir, Director
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