M&A Deal Summary

Gevo Acquires Red Trail Energy s Ethanol Production Plant and Carbon Capture and Sequestration Assets

On September 12, 2024, Gevo acquired energy services and equipment company Red Trail Energy s Ethanol Production Plant and Carbon Capture and Sequestration Assets from Red Trail for 210M USD

Acquisition Highlights
  • This is Gevo’s 1st transaction in the Energy Services and Equipment 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 Energy s Ethanol Production Plant and Carbon Capture and Sequestration Assets
Sector Energy Services and Equipment
Buyer(s) Gevo
Sellers(s) Red Trail
Deal Type Divestiture
Deal Value 210M USD

Target

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.

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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 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
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

Seller(S) 1

SELLER

Red Trail

Richardton, North Dakota, United States
Category Company
Sector Business Services
Employees47
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
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