Navigant Consulting Purchases Canadian Forensic Accounting, Litigation Consulting Practices of Kroll

August 10, 2005

Navigant Consulting Inc., a specialized consulting firm providing dispute, financial, regulatory and operational advisory services to companies in regulated industries, government agencies and legal counsel, has acquired the Canadian forensic accounting, litigation consulting and business valuation practices of Kroll Inc., the risk consulting subsidiary of Marsh & McLennan Companies Inc. The practices acquired by Navigant Consulting previously operated in Canada as Kroll Lindquist Avey.

“This investment greatly enhances Navigant Consulting’s international litigation and investigations presence,” stated Timothy Hart, managing director in Navigant Consulting’s Litigation & Investigations practice. “The team joining Navigant Consulting has been the premier provider of forensic accounting, litigation and valuation services in Canada for 30 years, with senior leaders that are seasoned as testifiers and as leads in prominent public investigations. The skills and expertise of Bob Macdonald and his team are extremely complementary to Navigant’s existing practice of more than 600 dispute and investigation professionals, and adds significant breadth and depth to our core Litigation & Investigations practice.”

The team joining Navigant Consulting consists of 54 billable consultants based in Toronto and Ottawa. Primary services offered by the team include forensic accounting, fraud investigations, general litigation consulting, business intelligence and business valuation services.

The purchase price was approximately $20 million. Revenue and pro forma operating income in 2004 for the practices acquired were approximately $17 million and $3.7 million, respectively. The acquisition is expected to be accretive during its first 12 months.