Xpansiv, a leading provider of market infrastructure for the global energy transition, announced the acquisition of key assets from PineSpire, a company specializing in revenue management services for low-carbon fuel programs across California, Washington, Oregon, and Canada.

“Xpansiv and PineSpire share a common vision, and we are eager to leverage the capabilities of both organizations to deliver optimal customer outcomes,” said Janet Mihalyfi, President of Managed Solutions at Xpansiv. “PineSpire’s management team has a proven record of excellence and innovation, which will enable us to expand our leading presence in low carbon fuels and RECs.”

Patrick Dawson, co-founder of PineSpire, expressed enthusiasm about the acquisition, stating, “We are excited to join Xpansiv, the preeminent operator in our business, which will enable us to continue to provide world-class service and technology to our hundreds of clients in California, Washington, Oregon, and Canada.”

This acquisition is part of Xpansiv’s ongoing strategy to reduce market fragmentation and provide scalable benefits to its customers by consolidating key operators in the low-carbon fuel standard (LCFS) and renewable energy credits (REC) sectors. The deal will also bring PineSpire’s leadership team, including co-founders Patrick Dawson and Ryan Huggins, into Xpansiv’s fold.

PineSpire’s team and clients will be integrated into Xpansiv’s Managed Solutions division, North America’s largest independent technology platform for managing and trading solar, renewable energy, and clean transportation credits.

Earlier this year, Xpansiv’s Managed Solutions surpassed 100,000 customers with 1.5 GW of renewable energy capacity, and last month, the unit achieved the milestone of $1 billion in total customer payouts.

Mihalyfi also highlighted the importance of this consolidation, saying, “We believe consolidation is the right strategy for the solar REC and LCFS markets at this pivotal point in their development. Enabling smaller operators to attain greater scale will be essential to accelerate the global energy transition.”

This acquisition positions Xpansiv to further solidify its leadership in renewable energy and low-carbon markets as the demand for clean energy solutions continues to rise.

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