Press Release

Ballard Spahr Represents ClimeCo in Acquisition of Foundation Assets

November 7, 2022

Ballard Spahr represented ClimeCo LLC in its recent acquisition of assets from the former Foundation, Inc.

In the transaction, ClimeCo acquired Foundation’s carbon-offsetting and Carbonfree certification operations, as well as the name. The entity formerly known as Foundation will continue as Environment Next, Inc., a non-profit organization providing climate change leadership grants to individuals and non-profits around the world.

ClimeCo is a respected global adviser, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. It specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complementing these programs is a team of professionals skilled in providing sustainability and ESG advisory solutions, and developing and financing GHG abatement systems.

Environment and Natural Resources Partner Brendan K. Collins led the team that represented ClimeCo in the acquisition of assets. He was assisted by Business and Transactions Partner Barbara Lano Rummel, who co-leads Ballard Spahr’s Mergers and Acquisitions Practice Group, and Mergers and Acquisitions Associates Zachary Gorman and Alexander S. Park.

For further information, please see ClimeCo’s press release.

For media inquiries, please contact Will Ashenmacher at 612.371.5792.

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