M&A
confidence high
sentiment neutral
materiality 0.70
Gevo closes $208M Red Trail Energy acquisition; pro forma net loss $111.5M for 2024
Gevo, Inc.
- Cash consideration of $208.4M for substantially all assets of Red Trail Energy, closed Jan 31, 2025.
- Pro forma 2024 revenue $166.8M (Red Trail contributed $149.9M); net loss $111.5M ($0.48 per share).
- Funded with $103.7M cash, $105M term loan (11.5% initial rate, matures 2030), and $5M equity from lenders.
- Allocated $111.9M to PP&E, $46.3M to intangible assets, $41.8M to goodwill.
- Red Trail Energy reported $149.9M revenue and $307k net loss for its fiscal year ended Sep 30, 2024.