M&A Deal Summary

Vistra Acquires Energy Harbor

On March 6, 2023, Vistra acquired utilities company Energy Harbor for 3.4B USD

Acquisition Highlights
  • This is Vistra’s 4th transaction in the Utilities sector.
  • This is Vistra’s largest (disclosed) transaction.
  • This is Vistra’s 4th transaction in the United States.
  • This is Vistra’s 1st transaction in Ohio.

M&A Deal Summary
Date 2023-03-06
Target Energy Harbor
Sector Utilities
Buyer(s) Vistra
Deal Type Merger
Deal Value 3.4B USD
Advisor(s) Goldman Sachs
RBC Capital Markets (Financial)
Dechert
Morgan Lewis (Legal)

Target

Energy Harbor

Akron, Ohio, United States
website
Energy Harbor is a provider of carbon-free baseload electricity committed to Environmental, Social, and Governance (ESG) principles critical to meeting the nation's emissions goals and accelerating the country's clean energy transition. The company's success is driven by its unwavering employee commitment to safe, reliable operations, financial stability, and best-in-class service to meet the energy and sustainability needs of our customers. Energy Harbor is based in Akron, Ohio.

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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 4 of 4
Sector (Utilities) 4 of 4
Type (Merger) 2 of 2
State (Ohio) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS 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