Who owns TRC ADVISORY?

TRC ADVISORY has been 100% owned by ELIXIRR INTERNATIONAL since September 2025.

At what enterprise value was TRC ADVISORY acquired in 2025?

During the acquisition of TRC ADVISORY by ELIXIRR INTERNATIONAL in 2025, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M USD.

What was the EV/EBITDA of TRC ADVISORY when it was acquired by ELIXIRR INTERNATIONAL?

The estimated EV/EBITDA multiple for TRC ADVISORY is in the range of 5x - 12x.

When was TRC ADVISORY acquired by ELIXIRR INTERNATIONAL?

TRC ADVISORY was acquired by ELIXIRR INTERNATIONAL in 2025.

What was the revenue of TRC ADVISORY at the time of the deal?

The revenue of TRC ADVISORY at the time of the deal is estimated to be in the range of 10M - 30M USD.

What was the EBITDA of TRC ADVISORY during the acquisition?

TRC ADVISORY's EBITDA is estimated to be in the range of 5M - 25M USD.

How is the data for the TRC ADVISORY acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the TRC ADVISORY deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.londonstockexchange.com/news-article/ELIX/acquisition-of-trc-advisory-llc/17240844

What is the average EV/EBITDA multiple for the Business Services sector in 2026?

The average EV/EBITDA multiple for the Business Services sector in 2026 is 11.4x.

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Home Database Business ServicesTRC ADVISORY

09/2025

TRC ADVISORY acquired by ELIXIRR INTERNATIONAL

UNITED STATES Professional Services / Consulting & Audit / Strategy & Management EV 100M - 350M USD

Context

Elixirr acquired 100% of TRC Advisory, which represents Elixirr's largest acquisition to date and its fifth in the US, significantly scaling its North American presence. The deal is structured with an initial payment of US$57 million (mix of cash and shares), followed by performance-based top-ups and earn-outs. The acquisition provides immediate earnings enhancement and unlocks major cross-selling opportunities, particularly by introducing Elixirr's AI and digital capabilities to TRC's industrial and manufacturing clients.

TRC ADVISORY, which reported an EBITDA margin of in 2028, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

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Target

Founded in 2014 and headquartered in Chicago, TRC Advisory is a high-growth "challenger" consultancy specializing in growth strategy, commercial effectiveness, and value acceleration. The firm helps multibillion-dollar companies define and deploy data-driven strategies to outperform competitors. Its core pillars include pricing excellence and resource productivity.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2028

2027

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REFERENCES

Valuation range: EV 100M - 350M USD

Revenue range: 10M - 30M USD

EBITDA range: 5M - 25M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TRC ADVISORY 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: trc advisory

Acquirer: elixirr international