Private Equity-Backed Carbon Offset Vendors Bluesource, Element to Merge

Private Equity-Backed Carbon Offset Vendors Bluesource, Element to Merge

Bluesource and Element Markets, two leading providers of carbon offset products and services to companies combating climate change, have announced their merger. The combined entity, majority-owned by TPG Inc’s impact investing arm, will become North America’s largest originator and marketer of carbon and environmental credits.

Meeting Growing Demand for Climate Solutions

The merger reflects the trend toward consolidation in the environmental, social, and corporate governance (ESG) consulting sector. As climate-conscious companies and investors seek scalable solutions, the carbon offsetting and sustainability services market is poised for significant growth.

Expertise in Carbon Footprint Reduction

Bluesource, backed by GEF Capital, advises companies on reducing their carbon footprint through offset projects, including reforestation and wastewater treatment. Meanwhile, Element, majority-owned by TPG’s impact investing arm, focuses on producing renewable natural gas and providing carbon credits.

Creating Impactful Solutions

The combined company aims to offer comprehensive services to help businesses achieve their carbon reduction goals. Angela Schwarz, CEO of Element, will lead the merged entity, leveraging its expertise to deliver innovative and impactful solutions in the rapidly evolving carbon market.

Strategic Leadership and Vision

Bill Townsend, co-founder of Bluesource, will be the chief strategy officer, contributing his insights to shape the company’s future direction. With approximately 150 employees, the merged entity is poised to drive significant change in the carbon-offsetting landscape.

Pioneering Decarbonization Efforts

Bluesource’s recent $500 million joint venture with Oak Hill Advisors demonstrates its commitment to expanding carbon offset schemes through innovative initiatives like timber forest purchases. Element, accounting for a substantial portion of the North American renewable natural gas market, boasts clients such as Smithfield Foods.

Shaping the Future of Carbon Markets

Marc Mezvinsky, business unit partner at TPG Rise, highlights the merged entity’s unique position in spearheading decarbonization efforts. Focusing on providing services rather than products, the company aims to shape the future of carbon markets.

CLICK HERE for more inspiring climate news

Scroll to Top