News
Elixirr announces largest acquisition to date with US-based TRC Advisory
Today, Elixirr announces the acquisition of TRC Advisory, a fast-growing US-based consultancy specializing in growth strategy, commercial effectiveness and value acceleration for both public and PE-backed global businesses.
The deal, Elixirr’s largest acquisition to date, is the firm’s seventh since its AIM IPO in 2020 and first since joining the Main Market of the London Stock Exchange in July this year. It is the company’s fifth in the US, adding significant scale to operations as well as accelerating Elixirr’s growth in the region.
The deal follows an exceptional first half of 2025, during which Elixirr delivered record-breaking performance with revenue up 35% to £71.4m (H1 24: £53.0m), organic growth of 17% and adjusted EBITDA up 42% to £21.5m, delivered at a 30% margin.
With the acquisition, TRC brings an outstanding track record in delivering C-suite-led transformation programs that incorporate a multi-disciplinary approach to strategy, go-to-market models, pricing disciplines and resource productivity. TRC’s blue-chip client base spans industry verticals but with a clear sweet spot in the industrial and manufacturing sectors – critical to growth engines of the global economy where there is a clear need for business model innovation. With this new partnership, Elixirr is now poised to deliver even more tailored, comprehensive solutions to existing and new clients as the company continues to disrupt the traditional global consulting model.
TRC’s roster of blue-chip clients not only aligns with Elixirr’s focus on high-performance companies but also creates natural opportunities for the consultancy to extend its leadership, operational and digital solutions into a broader network. Most critically the firm’s shared challenger DNA and entrepreneurial mindset make this a natural partnership, with the acquisition unlocking considerable opportunities for growth and innovation.
As part of the acquisition, key members of TRC, including Founder & MD Tim Romberger, alongside his senior leadership team of Mason Kissell, Cyrus Patel, Hemal Vyas, Mark Skoskiewicz, and Garan Geist will join Elixirr as Partners based in North America.
Stephen Newton, Founder and CEO of Elixirr, commented:
Tim Romberger, Founder and Managing Director of TRC, commented:
