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Huron Consulting Group completes acquisition of Axia Consulting Inc. to strengthen supply-chain consulting and technology offerings

Dec 03, 2024•about 1 year ago

Acquiring Company

Huron

Acquired Company

AXIA Consulting

ChicagoColumbusConsultingInformation TechnologySoftwareConsulting

Description

Huron Consulting Group Inc., a Chicago-based consulting firm, has successfully acquired Axia Consulting Inc., a Columbus employee-owned firm specializing in supply-chain consulting and technology. This acquisition strategically enhances Huron's capabilities in optimizing supply chains, reorganizing personnel structures, and modernizing technology, allowing both organizations to benefit from complementary expertise and market expansion.

Company Information

Company

Huron

Location

Chicago, Illinois, United States

About

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.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed