M&A Deal Summary

Gevo Acquires CultivateAI

On September 26, 2024, Gevo acquired information technology company CultivateAI for 6M USD

Acquisition Highlights
  • This is Gevo’s 1st transaction in the Information Technology sector.
  • This is Gevo’s 2nd largest (disclosed) transaction.
  • This is Gevo’s 2nd transaction in the United States.
  • This is Gevo’s 1st transaction in Florida.

M&A Deal Summary
Date 2024-09-26
Target CultivateAI
Sector Information Technology
Buyer(s) Gevo
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

CultivateAI

Orlando, Florida, United States
CultivateAI is a cloud-based, mobile platform that helps its customers make informed, data-driven decisions with real-time analytics. Its trusted insights are designed to help agricultural operations increase production, manage risk, and maximize profitability. CultivateAI is based in Orlando, Florida.

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Buyer(S) 1

Buyer

Gevo

Englewood, Colorado, United States
Category Company
Sector Energy Services and Equipment
Revenue 17M USD (2023)
DESCRIPTION

Gevo is a developer of net-zero hydrocarbon fuels and chemicals and converts renewable energy and biogenic carbon into sustainable fuels and chemicals with a net-zero or better carbon footprint. The company's technology is used to make a variety of products, including SAF, motor fuels, chemicals, and other materials. Its business model includes developing, financing, and operating production facilities for these renewable fuels and other products. Gevo is based in Englewood, Colorado.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 Red Trail

Richardton, North Dakota, United States

Red Trail is an investor group formed to finance, construct, and operate a corn-based ethanol production facility located near Richardton, North Dakota. It produces 59-64 million gallons of ethanol, using 21-23 million bushels of corn annually.

Buy $210M
Mergr

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