Acquisition strengthens Huron’s supply chain consulting and
Oracle supply chain management (SCM) offerings and broadens
Microsoft capabilities
Huron (NASDAQ: HURN), a global professional services firm, today
announced it has acquired AXIA Consulting (AXIA), a leading
provider of supply chain-focused consulting and technology
solutions. This acquisition enhances Huron’s supply chain
offerings, particularly in the industrials and manufacturing,
retail and healthcare sectors. It also expands Huron’s Oracle
supply chain management (SCM) offerings and broadens its technology
portfolio with advanced Microsoft capabilities, strengthening
Huron’s ability to empower clients to align their people and
processes to support their digital-first goals. Together, Huron and
AXIA will help clients build agile, responsive, and efficient
operations that meet the demands of our connected world.
“We are thrilled to welcome the entire AXIA team to Huron,” said
Mark Hussey, chief executive officer and president at Huron. “This
acquisition enables us to help our clients build more resilient
supply chains and operations as they seek to strengthen their
competitive advantage and drive profitable growth.”
This acquisition deepens and extends Huron’s market-leading
capabilities, bringing together AXIA’s strengths in supply chain
process optimization, people transformation, and digital leadership
to deliver impactful solutions at every step of a client’s business
transformation. With the integration of AXIA’s expertise, Huron is
well-positioned to deliver innovative, data-driven strategies and
supply chain solutions that empower clients to navigate today’s
complex market landscape.
“We are excited about what this acquisition means for AXIA,”
said Ed Mueller, Chairman and former CEO of AXIA. “This acquisition
enhances our ability to deliver superior supply chain solutions and
provides our team with additional growth opportunities. Together,
we are committed to delivering exceptional value and advancing our
clients’ strategic goals and objectives.”
“Joining Huron is an exciting opportunity for us to continue
building on our long and successful track record of delivering
great value for our clients,” said Justin Browder, CEO of AXIA.
“Our values and commitment to our people, client success and
innovation align perfectly with Huron and will allow us to maintain
our strong culture. We look forward to leveraging our combined
expertise across industries and technologies to deliver exceptional
solutions and drive even more transformative results for our
clients.”
AXIA has a proven track record of helping manufacturing, retail
and distribution organizations as well as healthcare, education,
financial services and utilities organizations solve complex
challenges by transforming organizations, optimizing processes, and
modernizing technology to drive results and deliver real
impact.
All members of the AXIA team will join Huron, including
approximately 130 client-facing employees. Both Huron and AXIA are
values-led, people-focused organizations dedicated to delivering
client success through deep collaboration and integrity.
It is expected that the significant majority of AXIA’s revenue
will be included in the Commercial Segment. Terms of the
acquisition were not disclosed. Clearsight Advisors served as
exclusive financial advisor to AXIA.
ABOUT HURON
Huron is a global professional services firm that collaborates
with clients to put possible into practice by creating sound
strategies, optimizing operations, accelerating digital
transformation, and empowering businesses and their people to own
their future. By embracing diverse perspectives, encouraging new
ideas and challenging the status quo, we create sustainable results
for the organizations we serve. Learn more at
www.huronconsultinggroup.com.
Statements in this press release that are not historical in
nature, including those concerning the company’s current
expectations about its future results, are “forward-looking”
statements as defined in Section 21E of the Securities Exchange Act
of 1934, as amended, and the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are identified by words
such as “may,” “should,” “expects,” “provides,” “anticipates,”
“assumes,” “can,” “will,” “meets,” “could,” “likely,” “intends,”
“might,” “predicts,” “seeks,” “would,” “believes,” “estimates,”
“plans,” “continues,” “goals,” “guidance,” or “outlook” or similar
expressions. These forward-looking statements reflect the company's
current expectations about future requirements and needs, results,
levels of activity, performance, or achievements. Some of the
factors that could cause actual results to differ materially from
the forward-looking statements contained herein include, without
limitation: failure to achieve expected utilization rates, billing
rates, and the necessary number of revenue-generating
professionals; inability to expand or adjust our service offerings
in response to market demands; our dependence on renewal of
client-based services; dependence on new business and retention of
current clients and qualified personnel; failure to maintain
third-party provider relationships and strategic alliances;
inability to license technology to and from third parties; the
impairment of goodwill; various factors related to income and other
taxes; difficulties in successfully integrating the businesses we
acquire and achieving expected benefits from such acquisitions;
risks relating to privacy, information security, and related laws
and standards; and a general downturn in market conditions. These
forward-looking statements involve known and unknown risks,
uncertainties, and other factors, including, among others, those
described under “Item 1A. Risk Factors” in Huron's Annual Report on
Form 10-K for the year ended December 31, 2023 that may cause
actual results, levels of activity, performance or achievements to
be materially different from any anticipated results, levels of
activity, performance, or achievements expressed or implied by
these forward-looking statements. The company disclaims any
obligation to update or revise any forward-looking statements as a
result of new information or future events, or for any other
reason.
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version on businesswire.com: https://www.businesswire.com/news/home/20241203509153/en/
MEDIA CONTACT Allie Bovis abovis@hcg.com
INVESTOR CONTACT John D. Kelly investor@hcg.com
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