M&A Deal Summary

Vistra Acquires Crius Energy

On February 7, 2019, Vistra acquired utilities company Crius Energy

Acquisition Highlights
  • This is Vistra’s 2nd transaction in the Utilities sector.
  • This is Vistra’s 2nd transaction in the United States.
  • This is Vistra’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2019-02-07
Target Crius Energy
Sector Utilities
Buyer(s) Vistra
Deal Type Add-on Acquisition
Advisor(s) Guggenheim Securities (Financial)
Bennett Jones LLP
Baker Botts LLP (Legal)

Target

Crius Energy

Norwalk, Connecticut, United States
website
Crius Energy LLC is a provider of competitive electricity and natural gas products to residential and commercial customers in 19 states and the District of Columbia in the United States.

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Buyer(S) 1

Buyer

Vistra

Irving, Texas, United States

website

Category Company
Founded 1882
Sector Utilities
Employees5,365
Revenue 11.4B USD (2020)
DESCRIPTION

Vistra is an integrated power company retail brands serve approximately 2.9 million residential, commercial, and industrial customers across five top retail states, and its generation fleet totals approximately 41,000 megawatts of highly efficient generation capacity, with a diverse portfolio of natural gas, nuclear, coal, solar and battery storage facilities. Vistra was founded in 1882 and is based in Irving, Texas.

DEAL STATS #
Overall 2 of 4
Sector (Utilities) 2 of 4
Type (Add-on Acquisition) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 2 of 4
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 Dynegy

Houston, Texas, United States

Dynegy, Inc. is a provider of wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities, and other energy companies across the US. Dynegy was formed in 1984 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 Ambit Energy

Dallas, Texas, United States

Ambit Energy LP is a provider of electricity services to residential customers in deregulated Texas and New York markets. Ambit Energy was founded in 2006 and is based in Dallas, Texas.

Buy $475M
Mergr

Product

Company

Legal