CohnReznick Capital
CRC-IB (CG/CRC-IB) is a boutique investment bank providing M&A advisory, project finance, and capital raising services exclusively to the renewable energy sector, serving developers, utilities, institutional investors, and corporates across solar, wind, storage, and carbon capture.
- Company typePrivate
- Founded2008
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What CohnReznick Capital does
CohnReznick Capital, now operating as CRC-IB (Carbon Reduction Capital, LLC) and recently acquired by Canaccord Genuity Group Inc. in January 2026 to form CG/CRC-IB, is a specialized boutique investment bank focused exclusively on the renewable energy and sustainability sector. Founded in 2008 and headquartered in New York with additional offices in San Francisco and Westport, CT, the firm has executed 415 transactions representing $91bn in total transaction value and 134 GW of clean energy capacity, earning the #1 ranking for renewable energy financial advisor in North America by deal count from 2019 to 2024 per Inframation League Tables. The company rebranded from CohnReznick Capital to CRC-IB in November 2023 and transitioned to full partner ownership in November 2024 prior to the Canaccord acquisition.
The firm operates three integrated service lines: M&A Advisory (Asset M&A and Corporate M&A), Project Finance (Tax Equity, Tax Credit Transfer, and Debt), and Capital Raising. It serves renewable energy developers, independent power producers, utilities, Fortune 500 corporations (including Walmart), institutional investors, and infrastructure funds across solar, wind, battery storage, and carbon capture and storage sectors. The firm has pioneered first-of-its-kind tax credit financing structures, including CCS tax credit financing and landfill RNG ITC transfers under the Inflation Reduction Act's transferability provisions, and publishes proprietary biannual Market Cost of Energy analysis across six U.S. grid regions.
The business model is transaction-fee based, with advisory fees generated on success and retainer arrangements negotiated on a deal-by-deal basis. The firm distributes thought leadership through Quarterly Considerations research reports, industry conference participation, webinars with partners like Wood Mackenzie, and earned media in WSJ, Financial Times, Reuters, and Bloomberg. The firm is FINRA and SIPC registered, and reports a 75% repeat client rate across its deal flow, indicating deep relationship-based client retention in a sector defined by complex, bespoke financing requirements.
CohnReznick Capital firmographics
Firmographics- Name
- CohnReznick Capital
- Legal name
- Carbon Reduction Capital, LLC
- Website
- https://cohnreznickcapital.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CRC-IB (CG/CRC-IB) is a boutique investment bank providing M&A advisory, project finance, and capital raising services exclusively to the renewable energy sector, serving developers, utilities, institutional investors, and corporates across solar, wind, storage, and carbon capture.
- Ownership category
- akta.pro rank
CohnReznick Capital industry classification
Industry- Product category
- Renewable Energy Investment Banking
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE)
- akta.pro secondary industry
- Corporate Finance & Capital Advisory (BPAHADAB)
Keywords
Where CohnReznick Capital is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
CohnReznick Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Advisory Fees: Investment banking advisory fees for M&A transactions, capital raising, and project finance engagements. Revenue is generated through success fees and retainers for transaction advisory services.
- Financial Advisory Services: Ongoing advisory mandates including strategic guidance, structuring advice, and transaction management for sustainable energy clients.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
CohnReznick Capital product offering
Product offeringCore offering
CohnReznick Capital (CRC-IB) is a boutique investment bank providing M&A advisory, project finance (tax equity, tax credit transfer, debt), and capital raising services exclusively to the renewable energy sector. The firm advises renewable energy developers, utilities, corporate buyers, and institutional investors on structuring, financing, and executing transactions across solar, wind, battery storage, and carbon capture projects. Following its January 2026 acquisition, the firm operates as CG/CRC-IB within Canaccord Genuity's U.S. capital markets business.
Product overview
CRC-IB (now CG/CRC-IB) is a specialized investment bank providing industry-leading financial advisory services across the renewable energy sector. Following Canaccord Genuity's acquisition in January 2026, the firm operates as a division within Canaccord Genuity's capital markets business. The firm offers three integrated service lines: M&A Advisory Services (Asset M&A and Corporate M&A), Project Finance (Tax Equity, Tax Credit Transfer, and Debt), and Capital Raising. These services are supported by proprietary research including Quarterly Considerations market reports and Market Cost of Energy (MCOE) analyses. The firm focuses on solar, wind, storage, and carbon capture sectors across utility-scale, distributed generation, and residential asset classes.
Differentiator
Problem solved
Functional benefit
Products and services
- M&A Advisory Services
Quantifiable outcome
- 415 renewable energy transactions completed
- +4 more outcomes
Companies that use CohnReznick Capital
Customer profileNamed customers19 records
Segments5 records
Ideal customer profiles4 records
CohnReznick Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
CohnReznick Capital partnerships and signals
Strategic signalScale indicators6 records
Recent moves8 records
Expansion highlights6 records
CohnReznick Capital competitors and assessment
Company assessmentDirect peers
- Marathon Capital: Marathon Capital is a leading independent investment bank exclusively dedicated to the clean energy and sustainable infrastructure sectors, providing M&A, debt, tax equity, and capital raising advisory services to renewable energy clients. It competes head-to-head with CRC-IB on tax equity, project finance, and clean energy M&A mandates across North America.
- Nomura Greentech: Nomura Greentech is the clean energy and infrastructure technology investment banking arm of Nomura Holdings, providing M&A, capital markets, and strategic advisory to renewable energy, energy storage, and sustainable technology companies. It directly competes with CRC-IB on renewable energy advisory mandates with a similar sector-focused business model.
Broad incumbents
- Jefferies: Jefferies operates a sizable clean energy and power & utilities investment banking group offering M&A advisory, capital markets, and project finance for solar, wind, storage, and broader energy transition companies. As a much larger diversified bank, it competes with CRC-IB on both middle-market and large-cap renewable energy mandates.
- KeyBanc Capital Markets: KeyBanc Capital Markets has built a longstanding renewable energy investment banking franchise covering solar, wind, storage, and broader sustainability sectors with strong tax equity structuring capabilities. Its specialized but broader-bank platform makes it a natural competitor to CRC-IB on community solar and distributed generation mandates.
- Evercore: Evercore is a leading independent investment banking advisory firm with a dedicated energy and power group that advises on renewable energy M&A, project finance, and strategic transactions. It competes with CRC-IB for larger and more complex energy transition mandates while operating a much broader advisory franchise.
- Guggenheim Partners: Guggenheim Securities operates a clean energy and infrastructure investment banking practice advising on renewable energy M&A, capital raising, and project finance. Its sector expertise and broader capital markets capabilities position it as a competitor to CRC-IB on middle-market and large renewable energy engagements.
- MUFG (Mitsubishi UFJ Financial Group): MUFG's U.S. investment banking arm operates a dedicated clean energy and project finance practice with strong tax equity and tax credit transfer capabilities. It competes with CRC-IB on financing mandates for utility-scale renewable energy projects, particularly through partnerships with Japanese strategic investors.
- Wells Fargo Securities: Wells Fargo's clean technology and renewable energy investment banking group provides M&A, capital raising, and project finance advisory to renewable energy and sustainability clients. As one of the largest U.S. banks with a dedicated clean energy practice, it competes with CRC-IB on larger financings and M&A transactions.
- Lazard: Lazard operates a global energy and power investment banking practice advising on renewable energy M&A, divestitures, and strategic transactions for utilities, developers, and financial sponsors. While broader in scope, it competes with CRC-IB for mandates on the larger end of renewable energy M&A and strategic advisory.
Others
- Hannon Armstrong: Hannon Armstrong is a capital provider focused on climate solutions, offering debt and equity financing for renewable energy, energy efficiency, and sustainable infrastructure projects. While operating as a principal investor rather than a pure advisor, it interfaces with the same renewable energy developer client base as CRC-IB.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
CohnReznick Capital social profiles
Digital presenceCohnReznick Capital compliance and trust
Trust signalCompliance2 records
CohnReznick Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
CohnReznick Capital leadership team
Management profileNumber of profiles
Profiles8 records
CohnReznick Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CohnReznick Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CohnReznick Capital
What does CohnReznick Capital do?
CohnReznick Capital (CRC-IB) is a boutique investment bank providing M&A advisory, project finance (tax equity, tax credit transfer, debt), and capital raising services exclusively to the renewable energy sector. The firm advises renewable energy developers, utilities, corporate buyers, and institutional investors on structuring, financing, and executing transactions across solar, wind, battery storage, and carbon capture projects. Following its January 2026 acquisition, the firm operates as CG/CRC-IB within Canaccord Genuity's U.S. capital markets business.
Is CohnReznick Capital a public or private company?
CohnReznick Capital is a private company. It is classified as corporate owned and is currently operating.
When was CohnReznick Capital founded?
CohnReznick Capital was founded in 2008. It employs 11 to 50 people.
Where is CohnReznick Capital based?
CohnReznick Capital is headquartered in New York, United States, in the North America region.
How does CohnReznick Capital make money?
Two revenue lines are on record. Advisory Fees are the primary driver. The others are financial Advisory Services.
Who are CohnReznick Capital's main competitors?
Direct peers on record are Marathon Capital and Nomura Greentech. Broad incumbents are Jefferies, KeyBanc Capital Markets, Evercore, Guggenheim Partners, MUFG (Mitsubishi UFJ Financial Group), Wells Fargo Securities and Lazard. Hannon Armstrong is listed as an others.
Does CohnReznick Capital have an API?
No public API is recorded for CohnReznick Capital.
What industry is CohnReznick Capital in?
CohnReznick Capital's product category is Renewable Energy Investment Banking. Its primary akta.pro industry code is FSAEAGAE, Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps), with a secondary code of BPAHADAB, Corporate Finance & Capital Advisory. Its NAICS code is 523 and its SIC code is 6211.