Blackstone-backed Carbon & Environmental Markets Platform Xpansiv Acquires Markets Infrastructure Provider APX

Global carbon and environmentalEnvironmental criteria consider how a company performs as a steward of nature. commodities market infrastructure platform Xpansiv announced today the acquisition of energy and environmentalEnvironmental criteria consider how a company performs as a steward of nature. markets registry infrastructure provider APX.

APX provides technology and services for environmentalEnvironmental criteria consider how a company performs as a steward of nature. commodity and power markets, with solutions spanning transaction management, registries, scheduling, settlements, demand-side management, asset control, analytics, operations, exchanges, clearing, and brokerage.

The acquisition follows a $400 million strategic investment led by alternative investment manager Blackstone into Xpansiv, aimed at supporting organic and M&A-focused growth initiatives at the company. Xpansiv stated that the capital injection enabled the completion of the APX deal.

Xpansiv Chief Strategy Officer Nathan Rockliff, said:

“The APX addition enables integration across the environmentalEnvironmental criteria consider how a company performs as a steward of nature. commodities lifecycle. From registry infrastructure to portfolio management, exchange, and market intelligence, we help companies efficiently meet their environmentalEnvironmental criteria consider how a company performs as a steward of nature. commitments with the required scale and transparency.”

Xpansiv provides infrastructure enabling market participants to value and exchange environmentalEnvironmental criteria consider how a company performs as a steward of nature. commodities such as carbon, energy and water, and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels. The company’s business units include ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. commodities spot exchange CBL, Australia-based water spot exchange H2OX, market data provider XSignals, and ESG-inclusive commodities multi-registry portfolio management system EMA.

According to Xpansiv President and COO John Melby, the acquisition increases the company’s offerings to include APX’s registry tools and services.

Melby added:

“By expanding our already robust infrastructure, we’re giving market participants the innovative tools needed to scale, and the platform to support their ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. and climate goals.”

Xpansiv acquired a 20% minority interest in APX earlier this year, and the companies have been long-term strategic partners, with Xpansiv’s CBL exchange fully integrated with leading registries that operate on APX infrastructure.

APX CEO Joe Varnas, said:

“Over the years partnering with Xpansiv, our firms have come to share a common vision for high-integrity, scalable market infrastructure. With our combined capabilities, we’re empowering the world’s transition to clean energy and sustainability.”

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