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| [January 31, 2013] |
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Navigant Announces the Sale of a Portion of Its Economics Practice
CHICAGO --(Business Wire)--
Navigant announced today that it has completed a transaction
transitioning a portion of its Economics practice for cash to CRA
International. The transaction includes the departures of Principals
Kevin Murphy, Robert Topel, Nicholas Weir and Mark Zmijewski, whose
intent to leave Navigant had been previously announced, along with the
staff members who comprise their teams. The transition is accelerated
from the planned May 2013 departures of the four principals.
"The transition of this group to CRA comes at an important time in the
evolution of Navigant Economics' strategy and is aligned with our desire
to drive a more profitable model for that practice," stated Lee Spirer,
Executive Vice President and Global Business Leader. "We intend to
capitalize on this change, as well as the recent acquisition of AFE, to
position the practice for growth that better aligns with Navigant's
broader expertise and offerings."
Navigant's acquisition of AFE inDecember 2012 enhances the firm's
Economics practice in specialized areas of securities litigation and
financial analysis as well as geographic reach. Continued Spirer, "Near
term economic opportunities exist in the securities, credit crisis and
financial litigation arenas, where Navigant consultants across our
practices are retained on engagements related to those matters. By
bolstering our expertise in this area, we are building a preeminent
resource for economics knowledge and expertise that is more synergistic
with the firm overall."
"The team is competitively advantaged, has deep bench strength and has
broad expertise," said Mohan Rao, Managing Director and practice leader
for Navigant Economics. "Equally important, the credentials of the team
are such that we can collaborate more often with other Navigant
practices to deliver more extensive services and expertise to our
clients."
Additional terms of the transaction were not disclosed.
About Navigant
Navigant (NYSE: NCI) is a specialized, global expert services firm
dedicated to assisting clients in creating and protecting value in the
face of critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.

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