Huron Announces Agreement to Acquire Philanthropy Management Consultancy GG+A
Huron, a global professional services firm, has revealed its plans to acquire Grenzebach Glier and Associates (GG+A), a renowned consultancy specializing in philanthropy management. The strategic move aims to bolster Huron’s philanthropy consulting offerings by integrating GG+A’s expertise with Huron’s digital capabilities, providing clients with comprehensive, data-informed strategies throughout the donor journey.
Huron, listed on NASDAQ as HURN, has set its sights on Grenzebach Glier and Associates (GG+A) in a bid to enhance its philanthropy consulting services targeted at nonprofit organizations, educational institutions, and healthcare sectors. By harnessing GG+A’s extensive experience, Huron aims to provide clients with integrated strategies powered by data analytics.
Established in 1961, GG+A has built a strong reputation for its collaborative approach in helping clients around the world develop sustainable and highly effective fundraising programs aligned with their strategic objectives. Huron’s acquisition of GG+A is expected to be finalized in March 2024, although the terms of the deal have not been disclosed.
Huron’s CEO and President, Mark Hussey, believes that this acquisition will bring substantial benefits to clients, as Huron combines its existing client relationships and digital resources with GG+A’s proficiency in advancement consulting. By joining forces, the two firms aim to deliver superior results and foster long-term donor relationships.
Approximately 100 members of the GG+A team will join Huron, enriching the firm’s Education operating segment. John Glier, CEO of GG+A, expressed enthusiasm about the merger, stating, “We are pleased and excited to join Huron and its talented global team. Huron’s remarkable client service, its depth of digital resources, and its reach across many of the same client institutions we have served in the past will strengthen and expand the work of GG+A.”
With Huron’s impending acquisition of GG+A, the global professional services firm is poised to cement its position as a leader in philanthropy consulting, leveraging GG+A’s expertise and Huron’s digital capabilities to deliver unparalleled strategies tailored to the specific needs of the nonprofit, education, and healthcare sectors.
Analyst comment
This news can be evaluated as positive for Huron. The acquisition of GG+A is expected to strengthen Huron’s philanthropy consulting services, allowing them to provide integrated strategies powered by data analytics. This move will enhance their client relationships and digital resources, solidifying their position as a leader in philanthropy consulting.
