Engelhart has acquired Trailstone Group.
Takeaway Points
- Engelhart acquires Trailstone Group
- Following the acquisition, the two companies will combine the resources and expertise of their two successful businesses.
Why did Engelhart acquire Trailstone Group?
Engelhart said on Monday that it has completed the acquisition of Trailstone Group, a global energy and technology company, from Riverstone. Following the acquisition, the two companies will combine the resources and expertise of their two successful businesses, enabling them to leverage their joint capabilities to enhance their trading performance.
Our objectives are to grow our new customer business in renewables and natural gas, continue to build our platform for attracting and retaining the best talent in our industry, and play a leading role in decarbonizing the world’s energy matrix, Engelhart said.
Huw Jenkins, CEO of Engelhart, said in a comment, “This is the start of an exciting new chapter for our combined business. By integrating our advanced quantitative modelling and weather forecasting capabilities with Trailstone’s strong presence in the renewable power and gas markets, we create a powerful force for growing our trading activities across the commodities complex. The shift from hydrocarbons to renewable energy is inevitable and transformative, and this acquisition means we will be at the vanguard of that transition.”
John Redpath, former CEO of Trailstone and now Deputy CEO of Engelhart, said, “I want to thank our partners, investors, customers, and all the employees at both Trailstone and Engelhart for their patience and hard work in helping us close this deal. Our vision for the combined business is to create the commodity merchant of the future. Technology will be central to the energy transition, and by integrating our trading expertise and risk management with Engelhart’s capabilities, we are perfectly positioned to manage renewable power generation and facilitate carbon reduction. This merger represents an exciting milestone, and we are ready to build our combined company together.”
About Engelhart
Engelhart was founded in 2013 and was originally known as BTG Commodities. We grew rapidly as a physical and financial commodity trading company before being reorganised under a single umbrella entity called Engelhart Commodities Trading Partners (ECTP) in 2016. Consistent with its history and values of agility and entrepreneurialism, Engelhart subsequently simplified its business model by shifting focus towards financial trading and building an edge in research, market analytics, and weather forecasting. This targeted approach has positioned Engelhart to better execute upon new opportunities, enhance risk deployment and capital allocation, and focus on its competitive advantages.
Engelhart benefits from a permanent source of capital from a single shareholder, which allows us to focus on innovative investing that will deliver value over the long term.
About Trailstone
Trailstone is a global leader in providing risk management and optimisation services to the owners and operators of renewable power generation assets. It uses its expertise, analytics, and proprietary software to help manage the intermittency of renewable power generation. Trailstone is also active in trading power, natural gas, and environmental products across North America, Europe, and Asia.
Trailstone has also built a successful physical natural gas client business in North America and Mexico. This business provides storage, transportation, and supply capabilities to serve its customers’ growing optimisation and risk management requirements.
