HYPOTHESIS GROUP acquired by ELIXIRR INTERNATIONAL
Context
Elixirr has acquired 100% of the Hypothesis group, its fourth acquisition in the United States, strengthening its presence in the world's largest consulting market. Elixirr was founded in 2009 to disrupt the consulting industry by trying to deliver a better model to clients and with specific expertise across digital, data, AI and innovation.
HYPOTHESIS GROUP, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Business Services sector (11.4x).
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Target
Hypothesis Group is a premium insights, design, and strategy agency based in the US. Unlike traditional market research firms that focus on data collection, Hypothesis emphasizes "insights-led strategy" and visual storytelling. The firm has carved out a massive niche among the "Magnificent Seven" (the largest US tech companies), counting 5 of them as key clients.
Ent. Value
$20–50M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (USD)
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Other operations with ELIXIRR INTERNATIONAL
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2025 | ELIXIRR INTERNATIONAL | TRC ADVISORY | UNITED STATES | Strategy & Management |
REFERENCES
Valuation range: EV $20–50M
Revenue range: $10–30M
EBITDA range: $5–25M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HYPOTHESIS GROUP by ELIXIRR INTERNATIONAL are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: hypothesis group
Acquirer: elixirr international