Pinnacle Asset Management-backed Six One Commodities completed the acquisition of RiverCrest Power Holdings from BioUrja.

Pinnacle Asset Management-backed Six One Commodities, a global energy trading merchant, completed the acquisition of RiverCrest Power Holdings, an intelligent, data-driven energy trading platform, from BioUrja, a Houston-based energy, agricultural and metals commodity trading and logistics company. Financial terms were not disclosed. “We are thrilled to welcome RiverCrest to our platform. Their expertise in the electricity energy trading sector, combined with 61C’s resources and network, will enable us to create significant value and offer enhanced services to our clients. This sale represents a step towards reshaping the energy trading landscape, and we look forward to continuing to innovate and enhance market efficiency through this partnership,” Ben Sutton, Six One Commodities CEO.