Deal typeTransaction Services
IndustryProfessional Services
Client nameElixirr Inc
Elixirr, a London-headquartered management consulting firm, has acquired TRC Advisory, a Chicago-based strategy consulting firm
BDO provided financial due diligence, tax due diligence, tax structuring, and SPA advisory services on Elixirr International Plc’s acquisition of TRC Advisory LLC. This represents Elixirr’s largest acquisition to date and the first following its move from AIM to the Main Market of the London Stock Exchange in July 2025.
TRC Advisory, is a fast-growing US-based challenger consultancy helping its clients define and deploy strategies to outperform. Its business focuses on four areas of expertise: growth strategy and value creation, pricing excellence, commercial effectiveness and resource productivity for both public and PE-backed global businesses.
The acquisition fits with Elixirr's strategy to evolve its capabilities, widen its industry diversification and grow its international presence, particularly within the US. The acquisition of TRC Advisory is Elixirr’s fifth acquisition in the US, adding significant scale to operations as well as accelerating Elixirr’s growth in the region.
The BDO project team included:
Andrew Howson, Sophie Kasiri, Guy Davies, Stephanie Franklin (Financial due diligence)
Carol Hindle, Will Searle, Masinnie Tran (Tax)
Lawrence McGinley, John Rouse, Laurence Mills (SPA advisory)
BDO provided financial due diligence, tax due diligence, tax structuring, and SPA advisory services on Elixirr International Plc’s acquisition of TRC Advisory LLC. This represents Elixirr’s largest acquisition to date and the first following its move from AIM to the Main Market of the London Stock Exchange in July 2025.
TRC Advisory, is a fast-growing US-based challenger consultancy helping its clients define and deploy strategies to outperform. Its business focuses on four areas of expertise: growth strategy and value creation, pricing excellence, commercial effectiveness and resource productivity for both public and PE-backed global businesses.
The acquisition fits with Elixirr's strategy to evolve its capabilities, widen its industry diversification and grow its international presence, particularly within the US. The acquisition of TRC Advisory is Elixirr’s fifth acquisition in the US, adding significant scale to operations as well as accelerating Elixirr’s growth in the region.
"It was a real pleasure to support Elixirr on its recent acquisition of TRC Advisory. This partnership marks an exciting milestone, showcasing Elixirr’s dynamic growth and strategic vision. We’re proud to be part of this journey and look forward to their continued success.
This transaction reflects the ongoing momentum and increased activity within the UK professional services sector, while also strengthening our continued partnership with Elixirr.”
Sophie Kasiri, Director, BDO LLP
The BDO project team included:
Andrew Howson, Sophie Kasiri, Guy Davies, Stephanie Franklin (Financial due diligence)
Carol Hindle, Will Searle, Masinnie Tran (Tax)
Lawrence McGinley, John Rouse, Laurence Mills (SPA advisory)