Engelhart to Acquire Trailstone in Clean Energy Transition Push

Engelhart Commodities Trading Partners, the firm founded by Brazil investment bank BTG Pactual, agreed to buy energy and technology trading company Trailstone for an undisclosed price to help with the transition to cleaner energy.

The purchase, from private equity group Riverstone, is subject to regulatory approval and expected to be completed in the third quarter, Engelhart said in a statement that didn’t give the terms of the deal.

The transaction is part of a strategy by Engelhart, founded in 2013, to expand its global power and gas trading platform as countries worldwide seek to shift toward renewable sources ...