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Elixirr provides procurement consultancy Retearn to Home of Manufacturers

Elixirr acquires Retearn

In its third acquisition since its inception, Elixirr has acquired Retearn, a boutique procurement, transformation and insights consultancy.

Retearn was announced on the day Elixirr announced its first annual financial results since going public (+ 24% growth and significant earnings growth from a global downturn). Retearn joins the company’s House of Brands – a portfolio of boutique companies including Den Creative and Coast Digital who work alongside the company’s business advisory services.

Founded in 2016, Retearn is a specialist procurement consultancy focused on helping companies optimize their spending and working capital, as well as transform their procurement function. Recognized as one of the UK’s leading operations and supply chain business consultants, Retearn has a team of approximately 45 consultants and staff based out of a London office.

“We are very pleased to welcome Retearn to our House of Brands. The company has an excellent reputation in the marketplace for identifying efficiencies, transforming operations and realizing significant cost savings for customers, ”said Stephen Newton, Founder and CEO of Elixirr.

The move comes at a time when the demand for operational excellence services has increased as executives in various sectors face a growing need for efficient and agile processes. “By combining Retearn’s expertise in creating savings for businesses with Elixirr’s growth and innovation-driven capabilities, our customers can invest faster in their largest strategic initiatives,” added Newton.

The deal calls for Retearn’s three founders, all of whom were previously in Capita’s transformation business, to join the Elixirr partner team while continuing to lead Retearn. “We were ready for our next phase of growth and Elixirr’s unique brand house provides the perfect platform for that,” said Mark Wyllie, CEO of Retearn.

“We can keep the brand that made Retearn what it is today while benefiting from the collective’s value and expertise. Participation in Elixirr is also an excellent opportunity for our employees to develop their skills and careers. “

Founded in 2009, award-winning consultancy Elixirr, which calls itself “The Challenger Consultancy” for MBBs and larger generalists, has offices in the UK, USA, South Africa and Australia.