Energy Acquisitions in North Dakota

Gevo, Inc. has entered into a definitive agreement to acquire the ethanol production plant and carbon capture and sequestration (CCS) assets of Red Trail Energy, LLC for $210 million. The assets include a 65 million gallon per year low‑carbon ethanol facility and CCS capacity with 1 million metric tons/year potential (160,000 tpy currently utilized); the deal is expected to close in Q1 2025 and will support Gevo's SAF and carbon abatement strategy.

Tower Arch Capital completed a recapitalization of Creedence Energy Services, partnering with founders Kevin, Wyatt and Malachi Black. The transaction will support Creedence’s growth and geographic expansion across the Bakken and Permian basins while providing liquidity and operational support from Tower Arch.