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Press Release
We are delighted to announce that Engelhart Commodities Trading Partners has successfully acquired Trailstone.
Post-acquisition, we will combine the resources and expertise of our two successful businesses. Our integration will enable us to enhance our trading performance, grow our customer business in renewables and natural gas, attract and retain top talent, and, most importantly, continue to lead the way in decarbonising the world’s energy matrix.
Engelhart is an international leader in commodities trading. Its financial expertise, diversified trading activities and strong balance sheet, backed by BTG Pactual, creates a highly complementary platform to drive our future growth together as one business.
Huw Jenkins, CEO of Engelhart, says, “We are delighted to complete our acquisition of Trailstone, which 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.”
Please watch this video as Engelhart’s CEO, Huw Jenkins, and our CEO, John Redpath, set out their vision for the acquisition.
https://vimeo.com/1001488374/1b34812ef2
Our shared values
We are proud of what we’ve built over the last ten years, and we’re confident that this acquisition is the right decision to take us forward in the next ten years and beyond.
John Redpath, former CEO of Trailstone and now Deputy CEO of Engelhart, says: “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 acquisition is a hugely positive step for our customers and our people and marks a significant milestone in our journey to revolutionize and decarbonize the energy sector. Engelhart shares our values and purpose to accelerate the world’s clean energy transition. We look forward to continuing our important work as part of a new business and building a more sustainable future together.
Latham & Watkins acted as legal advisers to Riverstone and Trailstone. Skadden, Arps, Slate, Meagher & Flom acted as legal adviser to Engelhart Commodity Trading Partners.
For more information, contact:
Cosmo Shield (cosmo@human-works.co.uk)