Engelhart's acquisition of Trailstone Group

This week, we are delighted to announce that we have completed the acquisition of Trailstone Group , a global energy and technology company, from Riverstone Holdings .

Following our acquisition, we will combine the resources and expertise of our two successful businesses, enabling us to leverage our joint capabilities to enhance our trading performance. Our objectives are to grow our new customer business in renewables and natural gas, continue to build our platform for attracting and retaining the best talent in our 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.”

Please watch this video as our CEO, Huw Jenkins, and Deputy CEO, John Redpath, set out their vision for the acquisition:

Engelhart: powered by BTG Pactual, renewed by Trailstone

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.

The acquisition is a pivotal part of our strategic plan to strengthen our global power and gas trading platform and technological capabilities and generate value through active participation in the clean energy transition. We look forward to sharing more in the weeks and months ahead.