FTI Consulting, Inc., the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, has acquired substantially all of the assets of CXO LLC for an undisclosed amount.

Dallas-based CXO specializes in advising firms in bankruptcy and creditors of bankrupt firms, restructuring, interim and crisis management. It has expertise with service, manufacturing and technology businesses, with a focus on the telecommunications, cable and media sectors.

The acquisition will add 12 senior level personnel who will join the communications and media practice within the corporate finance and restructuring unit of FTI.

However, NYSE-listed FTI did not immediately disclose terms of its purchase of Dallas-based CXO. The company employs more than 3,000 professionals in major cities worldwide.