The Board of Directors of Sinav Ltd., the owners of GTL Resources and Illinois River Energy, have retained Ascendant Financial Partners LLC to assist them in the sale of the GTL/IRE business. The company’s superior financial performance, top flight management and stream-lined logistics provide prospective buyers a unique opportunity to acquire one of the country's top-performing, independent ethanol companies.  

IRE is an ethanol production facility located in Rochelle, Ill., that owns and operates a 125 million gallon per year ethanol plant that commenced operations in September of 2006.  The facility is a top-tier plant as a result of continued reinvestment, strong management, excellent origination and logistics, and superior infrastructure, all providing a competitive platform to access local Midwest and global end-markets. In addition, GTL (IRE’s parent and the company’s business development arm) is advancing new technologies such as NextGen Frac to further enhance Illinois River Energy’s competitive advantages.

Sinav acquired the business in January 2012 through its acquisition of GTL in a "going private" transaction. Since that time Sinav and the GTL management team have aggressively improved operations, made select capital improvements and deleveraged the balance sheet. As a result, financial performance has excelled, allowing Sinav Limited to turn the company over to a new buyer looking for a top industry performer.

Ascendant Financial Partners is the exclusive M&A and financial advisor to Sinav Ltd.  Ascendant is a leading provider of professional capital solutions dedicated to serving clients in the food, agribusiness, and renewable energy industries and is a value-based organization built on a foundation of trust, integrity, accountability and client success. Ascendant Financial Partners is a registered FINRA broker/dealer.