Xpansiv to Acquire Evolution Markets, Expanding the World’s Leading Environmental Marketplace Infrastructure

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NEW YORK & SYDNEY & LONDON — Xpansivthe leading marketplace infrastructure platform for environmental products, today announced an agreement to acquire Evolution Markets, a leading brokerage firm in the global carbon, renewable energy and power markets. The combined entity will benefit from Evolution Markets’ base of more than 2,000 clients, including many of the world’s largest energy companies, corporations, utilities and financial institutions.

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

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“We are proud of what we have built over the past 20 years, and the powerful combination with Xpansiv will help drive continued innovation in market solutions to combat climate change,” said Andrew Ertel, co- Founder and Executive Chairman of Evolution Markets. “The global energy transition and the growing ambition of businesses to reduce their carbon footprint require next-generation market infrastructure, which Xpansiv – with the help of Evolution Markets – will provide.”

The acquisition is expected to close before the end of the year, following receipt of regulatory approvals and satisfaction of customary closing conditions. Following the closing of the agreement, Evolution Markets will be operated as a wholly owned subsidiary. Blackstone’s recent strategic investment in Xpansiv will support the buy.

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

“With the inclusion of APX and Evolution Markets, Xpansiv is the premier marketplace infrastructure platform for environmental products,” said Joe Madden, CEO of Xpansiv. “We provide a clear path to action, connecting buyers and sellers of vital environmental products, including carbon offsets, renewable energy credits (RECs) and low-carbon fuels – essentials of global decarbonization.”

Evolution Markets was advised in the transaction by JMP Securities, a corporate citizen, who acted as sole financial advisor, and Stroock & Stroock & Lavan LLP who acted as legal advisor. Venable LLP acted as legal counsel to Xpansiv.

About Xpansiv

Xpansiv provides the market infrastructure and data platform for carbon, renewable and digital commodities. These smart commodities bring transparency and liquidity to markets, allowing participants to value energy, carbon and water to meet the challenges of an information-rich, resource-constrained world. The Company’s major business units include CBL, the largest spot exchange for environmental products, including carbon, renewable energy certificates and digital natural gas; H2OX, the main water exchange; XSignals, which provides end-of-day and historical market data; EMA, the leading multi-ledger portfolio management system for all environmental products; and APX, the leading provider of registry infrastructure for the energy and environmental markets. Xpansiv is the digital nexus where sustainability and price signals merge. xpansiv.com

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About Evolution Markets

Evolution Markets Inc. provides strategic financial services and leading transactional services to participants in the global environmental and energy markets. Founded in 2000, the company has become the leader in green markets, leveraging its unrivaled experience and knowledge on behalf of participants in the global carbon, emissions, renewables and over-the-counter (OTC) electricity markets. ), natural gas, oil, nuclear fuel, and biofuel markets. Based in White Plains, NY, Evolution Markets serves clients on six continents from offices in New York, Houston, London and Nice. www.evomarkets.com

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220804005545/en/


PR contacts
Rob Dalton, Xpansiv, pr@xpansiv.com
Charlie Morrow and Taylor Fenske, Cognito Media, xpansiv@cognitomedia.com
Jessica Roemer, Evolution Markets, jroemer@evomarkets.com


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