M&A Deal Summary

Element Markets Acquires Bluesource

On February 23, 2022, Element Markets acquired environmental company Bluesource from GEF Capital Partners

Acquisition Highlights
  • This is Element Markets’ 1st transaction in the Environmental sector.
  • This is Element Markets’ 1st transaction in the United States.
  • This is Element Markets’ 1st transaction in Utah.

M&A Deal Summary
Date 2022-02-23
Target Bluesource
Sector Environmental
Buyer(s) Element Markets
Sellers(s) GEF Capital Partners
Deal Type Merger
Advisor(s) Parr Brown Gee & Loveless (Legal)

Target

Bluesource

Salt Lake City, Utah, United States
website
Bluesource engages in climate change and environmental products and services creating emission reductions from over 20 different technologies in over 90 locations across 46 states and 4 Canadian provinces. Blue Source has deep expertise in carbon capture and storage, forestry, transportation, energy efficiency, waste, and food processing and maintains significant market positions in RINs, carbon offsets, RNG, renewable energy production, and other commodities. Bluesource was founded in 2001 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

Element Markets

Houston, Texas, United States

website

Category Company
Founded 2005
Sector Renewable Energy
DESCRIPTION

Element Markets LLC is an independent marketer of renewable natural gas and environmental commodities in North America. Element Markets uses differentiated environmental and market expertise to play a leading role in markets for low carbon fuel standard credits, renewable identification numbers, emission credits, and carbon credits. Element Markets was founded in 2005 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Merger) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

GEF Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2018
Size Middle-Market
Type Sector Focused
DESCRIPTION

GEF Capital Partners is a private equity firm focused on acquiring and investing in growth-oriented 'sustainable' businesses. This includes operating companies that enable clean energy or improve energy efficiency, that are reducing the amount of waste, that build products using fewer or more efficient materials, or that take action to improve the quality and conservation of land. GEF Capital Partners was formed in 2018 and is based in Sao Paulo, Brazil.

DEAL STATS #
Overall 1 of 3
Sector (Environmental) 1 of 1
Type (Merger) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Clean Medical

Sao Paulo, Brazil

Clean Medical is a healthcare company that provides “device-as-a-service” solutions, including rental of medical devices, as well as preventive and corrective maintenance services. Clean Medical was founded in 2010 and is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Prince Pipes And Fittings

Mumbai, India

Prince Pipes And Fittings is a manufacturer and distributor of water pipes & fittings in India. Prince Pipes has a diverse product portfolio of UPVC, CPVC, PPR pipes and fittings and has recently added HDPE pipes to its product line. Prince Pipes’s products are used for plumbing, irrigation and sewage works. Prince Pipes And Fittings was founded in 1987 and is based in Mumbai, India.

Sell -
Mergr

Product

Company

Legal