10:20 AM EST, 02/03/2025 (MT Newswires) -- Gevo ( GEVO ) said Monday it has completed the acquisition of the ethanol production plant and carbon capture and sequestration assets of Red Trail Energy for $210 million.

The acquired assets are being Net-Zero North, Gevo ( GEVO ) said.

The transaction is expected to contribute $30 million to $60 million to adjusted earnings before interest, taxes, depreciation and amortization annually, Gevo ( GEVO ) said.

The deal is being funded through a combination of Gevo ( GEVO ) equity capital and a $105 million senior secured term loan through Orion Infrastructure Capital, which also investing $5 million in equity at Net-Zero North, the company said.

Gevo ( GEVO ) shares were down 4.6% in recent trading.

Price: 1.66, Change: -0.10, Percent Change: -5.68