ACQUISITION – Engelhart and Trailstone: shaping the future of renewable energy together
Engelhart is delighted to announce the acquisition of Trailstone, a global energy and technology company, subject to regulatory approval.
The deal is a significant achievement for both companies, as it represents a shared commitment to the success of the clean energy transition. The transaction accelerates our growth plans by strengthening our trading and technological capabilities while generating value through active support of a sustainable future.
Trailstone is a global leader in renewable energy trading and operates in North America, Europe and Asia. Over the last decade, it has grown a thriving client business in the renewable energy sector, supporting them with both risk management and Ancillary Services. These activities also help provide stability to the electricity grids which further supports the buildout of renewables and the energy transition.
The team at Trailstone has also built a physical natural gas client business in North America, which provides storage, transportation and supply capabilities to serve its customers’ growing optimisation and risk management requirements.
The acquisition will bring together the resources, shared values and expertise of both companies. Leveraging our joint competencies, the combined business will be well-placed to deliver enhanced trading performance, grow the customer business and play a leading role in decarbonising the world’s energy matrix.
Huw Jenkins, Engelhart CEO, says the acquisition is a clear signal of Engelhart’s commitment to the clean energy transition:
“The acquisition of Trailstone is an important accelerator in Engelhart’s long term strategy to grow our platform and enhance our technological capability to play a leading role in the clean energy transition. We have been impressed by the Trailstone team’s innovation in the renewables trading sector and we believe the integration will be highly complementary for both businesses.”
John Redpath, Trailstone CEO, says he’s excited about the potential that this acquisition unlocks:
“The acquisition deal with Engelhart is a big moment for the future of Trailstone. The access to permanent capital, and the complementary nature of our two organisations means we can grow our renewables and gas businesses and create even more value as part of the clean energy transition. I am proud of what we’ve created at Trailstone over the last ten years, not because it was easy but because it was hard. I am even more positive and excited about the future as we move forward as one business. I’ve been in the energy markets for 35 years, and I think the most interesting years of my career are ahead as we build this combined business.“