LWG Consulting provides consulting, assessment, recovery, and salvage services for insurance adjusters and attorneys requiring timely and expert response to business disasters and property loss and damage.
Headquartered in Northbrook, Illinois, the Company has 18 locations spanning the U.S. from Los Angeles to Boston and Orlando to Minneapolis.
For five years LWG operated as part of FTI, a publicly traded consulting and litigation services business headquartered in Annapolis, Maryland. In 2002, FTI determined to divest of certain non-core operations, including those of LWG. LWG recognized the opportunity to separate from their parent through a management buyout, and contacted Legacy Capital Advisors to assist them with this transaction.
Challenges
The transaction required significant capital.
There was a limited track record and few assets on which to fully finance the transaction.
The company had operated closely through other FTI subsidiaries.
The company required a strong team approach with the other professional advisors.
Results
Legacy Capital Advisors established and led negotiations directly with FTI on behalf of the management team. We secured not only preferable financial terms but certain operational assistance from FTI following the transaction to ensure a smooth and successful transition to a stand-alone business. We overcame many obstacles to secure both third party and related party financing to close the transaction.
