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.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Gevo

Englewood, Colorado, United States

Category Company
Founded 2005
Sector Energy Services and Equipment
Employees122
Revenue 17M USD (2024)
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 was founded in 2005 and is based in Englewood, Colorado.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 Red Trail Energy s Ethanol Production Plant and Carbon Capture and Sequestration Assets

Richardton, North Dakota, United States

Red Trail Energy's Ethanol Production Plant and Carbon Capture and Sequestration (CCS) Assets deliver valuable biogenic carbon credits in conjunction with the delivery of advanced liquid fuels to clients.

Buy $210M