M&A Deal Summary

Engelhart Acquires TrailStone

On June 10, 2024, Engelhart acquired renewable energy company TrailStone from Riverstone Holdings

Acquisition Highlights
  • This is Engelhart’s 1st transaction in the Renewable Energy sector.
  • This is Engelhart’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2024-06-10
Target TrailStone
Sector Renewable Energy
Buyer(s) Engelhart
Sellers(s) Riverstone Holdings
Deal Type Add-on Acquisition
Advisor(s) Latham & Watkins (Legal)

Target

TrailStone

London, United Kingdom
TrailStone is a global renewable energy trading and asset management firm that provides risk management and energy optimization to improve production and financial returns for asset owners. The company offers a fully automated end-to-end renewable power management platform, backed by a successful track record in energy trading. TrailStone was formed in 2013 and is headquartered in London, England.

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Buyer(S) 1

Buyer

Engelhart

London, United Kingdom
Category Company
Founded 2013
Sector Financial Services
Employees180
DESCRIPTION

Engelhart is a global commodity trading company founded in 2013, with ~180 staff across offices in London, Geneva, Houston, Stamford, Singapore, Shanghai and Beijing. Egelhart trades energy (power and gas, and oil) and is also active in agricultural/soft commodities, freight, and the innovative area of ‘risk premia’. Engelhart was formed in 2013 and is headquartered in London, England.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.

DEAL STATS #
Overall 57 of 57
Sector (Renewable Energy) 5 of 5
Type (Add-on Acquisition) 30 of 30
Country (United Kingdom) 7 of 7
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 T-REX Group

New York, New York, United States

T-REX Group combines sophisticated cloud-based SaaS technology with big data and asset class expertise to drive down operating and capital expense, reduce risk exposure and enhance performance for complex investments. T-REX Group was founded in 2012 and is headquartered in New York City.

Sell -
Mergr

Product

Company

Legal