M&A Deal Summary

Gevo Acquires Red Trail

On September 12, 2024, Gevo acquired business services company Red Trail for 210M USD

Acquisition Highlights
  • This is Gevo’s 1st transaction in the Business Services sector.
  • This is Gevo’s largest (disclosed) transaction.
  • This is Gevo’s 1st transaction in the United States.
  • This is Gevo’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2024-09-12
Target Red Trail
Sector Business Services
Buyer(s) Gevo
Deal Type Add-on Acquisition
Deal Value 210M USD

Target

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.

Search 200,500 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

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 1 of 2
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (North Dakota) 1 of 1
Country (United States) 1 of 2
Year (2024) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 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.

Buy $6M
Mergr

Product

Company

Legal