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.
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