William Isaac is selling Secura Group LLC of Vienna, Va., to the Emeryville, Calif., consulting firm LECG Corp.
The deal, announced Thursday, is scheduled to close today. The price was not disclosed.
Mr. Issac, 63, founded Secura in 1986, after a stint as the chairman of Federal Deposit Insurance Corp. (He writes a column for American Banker.)
In an interview, he said he decided to sell because LECG agreed to let Secura continue to operate as a separate unit and to retain its staff of 30.
“We had many people approach us over the years, and this is one of the few we took seriously, because we liked that fact that we could stay together and keep doing what we’re doing and have more resources to help us,” Mr. Isaac said.
With over 1,000 employees and 36 offices in 13 countries, LECG does economic and financial analysis for corporations, law firms, and governments. Secura consults with financial services companies on regulatory, legislative, technology, and operational issues. It advises on loan reviews, regulatory risk management, bank supervision, credit risk, executive compensation, and organizational issues.
“We all like what we do, and we didn’t want to stop doing it as a team,” Mr. Isaac said.
