Connecting Excellence CEO on first acquisition, growth pipeline and Bitcoin strategy

Connecting Excellence pairs EBITDA-linked recruitment acquisitions with a growing Bitcoin treasury (81+ BTC) to fund further M&A.

• First acquisition closed: James Gray Recruitment generated £1.79m revenue (+21.5%), £1.27m gross profit (70.9% margin), and £431,000 EBITDA over the trailing 12 months.
• Deal structure: Largely deferred consideration linked to EBITDA performance, with XCE retaining 75-85% of EBITDA in the first three years to align owner/management incentives.

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