Accordion, a private equity-focused financial and technology consulting firm, announced that it has acquired operations and supply chain transformation advisory firm OperationsRx. The acquisition will deepen Accordion’s existing supply chain optimization services and will more broadly enhance the firm’s ability to help clients pull the types of operational levers that increase EBITDA. When combined with financial transformation, operational transformation exponentially accelerates value creation. Like Accordion, the OperationsRx team has deep experience working within the private equity space. This acquisition will, therefore, further cement Accordion as the holistic go-to-partner for PE-backed CFOs.
“Our CFO clients know that in order to maximize value they need to do more than manage the financial foundation of the house, they must also be the one to drive efficiencies on the operational side of the house,” said Nick Leopard, CEO, Accordion. “Transformative CFOs are taking a more expansive role overseeing operations, but they need help. More specifically, they need partners with expertise at the intersection of operational and financial transformation. Accordion has always been that partner – this acquisition further reinforces our role.”
Added Junaid Samnani, Managing Director, and Co-Head of Accordion’s Transformation practice: “End-to-end supply chains represent anywhere from 40-80% of the costs to serve customers for companies in the consumer and industrial product sectors. As a result, transforming the supply chain by addressing spend, costs, manufacturing processes, and inventory management can result in meaningful increases to both profitability and cashflow.”
Also Read : Allison Ventures Announces Strategic Investment in Niron Magnetics
The combination of Accordion and OperationsRx’s expertise will provide clients with practitioners who take an end-to-end view of operations and understand the right EBITDA enhancement levers to pull across the entire value chain:
- Source: Strategic sourcing, procure to pay optimization, sourcing systems and emerging technology utilization, inventory planning strategy
- Plan: S&OP, demand and supply planning, production, inventory, capacity, and resource planning, ERP/systems strategy support.
- Make: Make vs. buy strategy, lean manufacturing, six sigma, strategic footprint design, total network cost optimization.
- Deliver: Distribution and logistics, distribution center optimization, network optimization, WMS and TMS systems support, total network cost efficiency.
The acquisition will add a roster of seasoned professionals to Accordion’s growing team of over 1200 finance, operations, and technology consultants. OperationsRx founder and CEO, Kevin Bernardini, will join Accordion as a Managing Director.
“This acquisition is not only the perfect fit for clients who want a singular resource to opportunistically enhance EBITDA, but it is a perfect fit for our teams as well,” said Bernardini. “Like Accordion, we have a team who has sat in the seats of our operational stakeholders. They provide high-level strategic advice, but they also dig in, roll up their sleeves, and do the work. The fusion of two companies focused on quick-turn, tangible results across the spectrum of operational and financial transformation is a win for both our people and our clients.”
SOURCE : PRWeb