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CANACCORD GENUITY GROUP INC. BOLSTERS ITS CAPITAL MARKETS ADVISORY CAPABILITY WITH ACQUISITION OF LEADING ADVISOR TO THE RENEWABLE ENERGY SECTOR
Prnewswire· 2026-01-14 12:41
Core Viewpoint - Canaccord Genuity Group Inc. has acquired Carbon Reduction Capital, LLC, enhancing its capabilities in the renewable energy sector and aligning with its sustainability ambitions [1][3]. Company Overview - Canaccord Genuity Group Inc. is a leading independent financial services firm, operating in wealth management and capital markets since 1950, with a commitment to building lasting client relationships [5]. - The company is publicly traded under the symbol CF on the TSX [6]. Acquisition Details - Carbon Reduction Capital, LLC is a prominent provider of M&A, project finance, and capital raising services in the U.S. renewable energy sector, having executed approximately 415 transactions valued at around US$91 billion [2]. - The acquisition aims to leverage CRC-IB's expertise to increase market share in the U.S. and globally, focusing on high-growth sectors [3]. Strategic Implications - The acquisition reinforces Canaccord Genuity's advisory franchise and sustainability strategy, allowing for expanded opportunities for clients through a fully independent structure [3]. - CRC-IB partners will lead Canaccord Genuity's newly formed Energy Transformation group, providing M&A, project finance, and strategic advisory services across various sectors [3].