Case Study: a public utility company closes a transferable tax credit transaction in 22 days with Crux

Fast and transparent Executing a transferable tax credit transaction on Crux in just 22 days

A public utility company sought to sell its production tax credits but faced execution challenges. The utility partnered with Crux to leverage its technology platform, extensive buyer network, and expertise in handling such transactions for utility businesses.

Crux’s solution involved using its platform to anonymously solicit and review bids, quickly generating over 15 offers. This transparent process enabled the utility to transact with a Fortune 500 buyer, closing the deal in just 22 days. The result was optimal pricing for the seller and a swift, efficient process that met the buyer's tight tax filing deadline. Crux’s technology streamlined the entire transaction, ensuring fairness and speed.