Huron Consulting Group To Acquire Blue Stone Int'l For $30 Mln In Cash

(RTTNews) - Huron Consulting Group Inc. (HURN), a provider of business consulting services, today announced that it has entered into an agreement to acquire the assets of Blue Stone International LLC, a provider of Oracle professional services supporting enterprise performance management, information management and business intelligence solutions, for $30 million in cash.

The acquisition is expected to close in early October and will result in approximately 100 Blue Stone professionals joining Huron. Along with Jay Laabs, the following individuals will join the Company as managing directors: Scott Leshinski, Jeff Radtke and Rich Schmitt.

The acquisition is anticipated to be accretive to Huron's revenue and EBITDA in 2014.

For reporting purposes, Blue Stone will be included in the Huron Education and Life Sciences segment, which includes the Company's Oracle ERP services practice. The combined Oracle team will continue to serve clients in higher education and other industries, the company noted.