Xpansiv, the premier market-infrastructure platform for environmental commodities, today announced an agreement to acquire Evolution Markets, a leading brokerage firm in global carbon, renewable, and energy markets. The combined entity will benefit from Evolution Markets\u2019 base of more than 2,000 customers, including many of the world\u2019s largest energy firms, corporations, utilities, and financial institutions.<\/p>\n
“We\u2019re excited to further leverage our environmental and energy market infrastructure through this acquisition,” said Xpansiv President and COO John Melby. \u201cTogether, we can more effectively execute on our strategy to scale our global platform. Evolution Markets\u2019 proven team will help drive sales and marketing efforts as we work to bring the benefits of our infrastructure – transparency, scale, and confidence – to rapidly growing environmental markets.”<\/p>\n
\u201cWe\u2019re proud of what we\u2019ve built over the last 20 years, and the powerful combination with Xpansiv will help drive continued innovation in market solutions to address climate change,\u201d said Evolution Markets Co-Founder and Executive Chairman Andrew Ertel. \u201cThe global energy transition and increasing corporate ambition to reduce carbon footprints require next-generation market infrastructure, which is what Xpansiv – with the help of Evolution Markets – will deliver.\u201d<\/p>\n
The acquisition is expected to be completed before the end of the year, upon receipt of regulatory approvals and satisfaction of customary closing conditions. Following deal close, Evolution Markets will be operated as a wholly owned subsidiary. The recent Blackstone strategic investment in Xpansiv will support the purchase.<\/p>\n
\u201cWe look forward to working together to scale up environmental and energy transition markets to meet growing demand for trusted, market-based solutions,\u201d said Evolution Markets CEO Evan Ard. \u201cBy joining Xpansiv, Evolution Markets will be able to continue building its sustainable-solutions footprint and environmental and energy markets transaction services, which will better position our clients to compete in a carbon-constrained world.\u201d<\/p>\n
\u201cWith the inclusion of APX and Evolution Markets, Xpansiv is the premier market-infrastructure platform for environmental commodities,\u201d said Xpansiv CEO Joe Madden. \u201cWe provide a clear path to action, connecting buyers and sellers of vital environmental commodities, including carbon offsets, renewable energy credits (RECs), and low-carbon fuels – critical elements of global decarbonization.\u201d<\/p>\n
Evolution Markets was advised in the transaction by JMP Securities, a Citizens Company, which acted as the sole financial advisor, and Stroock & Stroock & Lavan LLP which served as legal advisor. Venable LLP acted as legal advisor to Xpansiv.<\/p>\n","protected":false},"excerpt":{"rendered":"
Xpansiv, the premier market-infrastructure platform for environmental commodities, today announced an agreement to acquire Evolution Markets, a leading brokerage firm in global carbon, renewable, and energy markets. The combined entity will benefit from Evolution Markets\u2019 base of more than 2,000 customers, including many of the world\u2019s largest energy firms, corporations, utilities, and financial institutions. “We\u2019re […]<\/p>\n","protected":false},"author":272,"featured_media":140571,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,11,2,1],"tags":[58345],"yoast_head":"\n