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Energy & Sustainability M&A Activity — February 2023

Recent M&A Activity:

January 5, 2023: Evolution Markets, a provider of strategic financial and transactional services intended to serve the global environmental and energy markets, was acquired by Xpansiv for an undisclosed amount on January 5, 2023. The company operates as a global broker of environmental products as well as structures transactions in the global carbon, U.S. emissions, renewable energy, weather derivative, and over-the-counter (OTC) coal, natural gas, and nuclear fuels markets. The acquisition will enhance the company's client services through its integration with Xpansiv's technology infrastructure, market, and data platforms.

January 9, 2023: Progressus Clean Technologies, a developer of energy technology capable of producing green hydrogen was acquired by Ammpower (CNQ: AMMP) for an undisclosed amount. The company's technology allows for the low-cost production of hydrogen with no greenhouse gas emissions, helping clients to use hydrogen as a source of energy efficiently.


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Sahir Surmeli

Member / Co-chair, Energy & Sustainability Practice

Sahir Surmeli is a Mintz business counselor who advises companies, boards, entrepreneurs, investment banks, and venture and private equity investors as they build and grow companies. He handles public offerings, 144A and private financings, acquisitions, joint ventures, and strategic partnerships.

Thomas R. Burton, III

Member / Chair, Energy & Sustainability Practice

Tom Burton has helped to shape the clean energy industry by drawing on his passion for innovation. As a Mintz attorney, Tom counsels investors, entrepreneurs, and Fortune 100 companies. He also guides start-up organizations and accelerators to foster the next generation of energy leaders.