Engelhart Acquisition news – London-based Engelhart Acquired Trailstone

Following their acquisition, they will combine the resources and expertise of their two successful businesses, enabling them to leverage their joint capabilities to enhance their trading performance.

Their objectives are to grow their new customer business in renewables and natural gas, continue to build their platform for attracting and retaining the best talent in their industry and play a leading role in decarbonising the world’s energy matrix.

Huw Jenkins, CEO of Engelhart, says: “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.”

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.

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 merger represents an exciting milestone, and we are ready to build our combined company together.”

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.

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The acquisition is a pivotal part of our strategic plan to strengthen their global power and gas trading platform and technological capabilities and generate value through active participation in the clean energy transition.

About Engelhart

Engelhart was founded in 2013 by BTG Pactual Group. As an international commodity trading company, they have brought together incredible individuals with diverse global backgrounds and decades of experience. They understand markets, and together they improve them by providing liquidity and price discovery, and promoting better allocation of capital. All of which helps support sustainable economic development.

About Trailstone

Trailstone is a global energy and technology company, operating at the intersection of renewable and conventional power. They trade energy in global markets, and they provide a best-in-class service to manage the inherent intermittency of renewable power generation across the short, medium and long term. As an energy trader, they buy and sell electricity and gas which is physically delivered on the grids, and they leverage their physical market knowledge to trade financial commodities.