Xpansiv acquires Evolution Markets, expanding the world’s leading environmental market infrastructure

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New York, Sydney and London – XpansivToday, the major market infrastructure platform for environmental goods, announced an agreement to acquire Evolution Markets, a leading brokerage in the global carbon, renewable and energy markets. The combined entity will benefit from Evolution Markets’ base of more than 2,000 clients, including many of the world’s largest energy, corporate, utilities and financial institutions.

“We are excited to further leverage our environment and energy market infrastructure through this acquisition,” said Xpansiv President and COO John Melby. “Together, we can more effectively implement our strategy to scale our global platform. Our proven Evolution Markets team will help drive sales and marketing efforts as we work to bring the benefits of our infrastructure – transparency, scale and trust – to the fast-growing environmental markets.”

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“We are proud of what we have built over the past 20 years, and our strong integration with Xpansiv will help drive continued innovation in market solutions to tackle climate change,” said Andrew Ertell, co-founder and CEO of Evolution Markets. “The global energy transition and the company’s growing ambition to reduce carbon footprint requires next-generation infrastructure for the market, which Xpansiv – with the help of Evolution Markets – will deliver.”

The acquisition is expected to be completed before the end of the year, upon receipt of regulatory approvals and normal closing conditions being met. After the transaction is closed, Evolution Markets will be operated as a wholly owned subsidiary. Blackstone’s recent strategic investment in Xpansiv will support the purchase.

“We look forward to working together to scale the energy and environmental transformation markets to meet the growing demand for reliable market-based solutions,” said Evan Ard, CEO of Evolution Markets. “By joining Xpansiv, Evolution Markets will be able to continue building its sustainable solutions footprint and transaction services for the energy and environment markets, which will better position our customers to compete in a carbon-constrained world.”

“With the inclusion of APX and Evolution Markets, Xpansiv is the primary market infrastructure platform for environmental goods,” said Xpansiv CEO Joe Madden. “We offer a clear course of action, by connecting buyers and sellers of vital environmental goods, including carbon offsets, renewable energy credits (RECs), and low-carbon fuels — critical components of global decarbonization.”

Evolution Markets was advised on the transaction by JMP Securities, a Citizens firm, which acted as sole financial advisor, and Stroock & Stroock & Lavan LLP, which acted as legal counsel. Venable LLP has acted as legal counsel for Xpansiv.

About Xpansiv

Xpansiv provides the market infrastructure and data platform for carbon commodities, renewable energy, and digital commodities. These smart goods bring transparency and liquidity to markets, and enable participants to assess energy, carbon and water to meet the challenges of an information-rich and resource-limited world. The company’s main business units include CBL, the largest spot exchange for environmental commodities, including carbon certificates, renewable energy and digital natural gas. H2OX, the leading point exchange for water; XSignals, which provides historical and historical market data; EMA, the leading multi-record portfolio management system for all environmental goods; and APX, the leading provider of recording infrastructure for the energy and environmental markets. Xpansiv is the digital link where sustainability and price cues merge. Xpansiv.com

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About Evolution Markets

Evolution Markets Inc. offers Strategic and industry-leading financial transaction services for participants in the global environment and energy markets. Founded in 2000, the company has become a leader in green markets, leveraging its unparalleled expertise and knowledge on behalf of those involved in the global carbon, emissions, renewable, over-the-counter (OTC) energy, natural gas, oil, nuclear and fuel markets. Biofuels. Headquartered in White Plains, New York, Evolution Markets serves clients on six continents with offices in New York, Houston, London and Nice. www.evomarkets.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220804005545/ar/

Contacts

Public Relations Communication
Rob Dalton, Xpansiv, pr@xpansiv.com
Charlie Morrow and Taylor Finsky, Cognito Media, xpansiv@cognitomedia.com
Jessica Romer, Evolution Markets, jroemer@evomarkets.com

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