Thu, 06 Mar 2025 | BUSINESS SALE
Global energy consultancy Xodus has bought US infrastructure consultancy Daymark Energy Advisors to expand its power networks capabilities across international energy transition projects such as wind farms.
Daymark, founded in 1980 and based in Worcester, Massachusetts, advise clients across North America in areas such as transmission planning and regulations.
According to Xodus, whose UK locations include Aberdeen, the acquisition of Daymark will allow it to advise on projects from generation to demand. The additional capability, alongside Xodus’ advisory and engineering expertise, will allow integrated advice on technical challenges, regulatory frameworks and the market pricing dynamics associated with the transmission and distribution of electricity - T&D.
The acquisition also bolsters Xodus’ advisory capability and energy transition offering. This will include battery storage and onshore wind and solar and sustainable aviation fuels (SAF).
Steve Swindell, CEO of Xodus said: “Xodus was founded 20 years ago to deliver independent, integrated thinking to the energy industry. The energy landscape has evolved beyond recognition in that time and the needs of the industry have changed. Xodus wants to continue to be at the forefront of delivering integrated advice to the industry and acquiring Daymark Energy Advisors supports this effort.
The acquisition will add to Xodus’ existing operations in Houston and Boston with Daymark’s team working across the US and Canada.
Marc Montalvo, Daymark’s CEO added: “Xodus has a long track record of activities in the global offshore wind, oil and gas, cables, and interconnectors sectors as well as CCUS and hydrogen. Both parties bring different - but complementary - knowledge and skillsets to the energy market and infrastructure project consultancy. We have a 45-year history in delivering strategic advice and expert opinion to senior teams across North America and look forward to implementing this with Xodus going forward.”
Daymark will initially work independently following the acquisition at the beginning of March 2025 but is expected to integrate and be fully Xodus in the future.
Find out more about rollup business acquisition strategies
This opportunity offers a well-established provider of residential care homes for young people, renowned for its tailored care approach and strong local authority links. With ample room for growth under new ownership, offers are invited from serious...
LEASEHOLD
Discover a unique investment in The Whitby Endeavour, a historic maritime vessel offering a blend of educational tourism and vibrant hospitality services.
FREEHOLD
This well-established family-run plumbing and heating business boasts a strong reputation and a loyal client base, with significant potential for growth through targeted marketing efforts.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.