Centrica Mergers and Acquisitions Summary

UtilitiesCompany

Centrica has acquired 20 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 4 assets.

Centrica’s largest acquisition to date was in 2013, when it acquired CQ Energy Canada Partnership for $760M. It’s largest disclosed sale occurred in 2020, when it sold Direct Energy to NRG Energy for $3.6B. Centrica has acquired in 4 different US states, and 8 countries. The Company’s most targeted sectors include oil/gas exploration (25%) and utilities (20%).

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M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity20
    • M&A Sell Activity4
  • Total Sectors Invested 8
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 14

Centrica

Centrica Plc

Millstream Maidenhead Road,
Windsor, SL4 5GD
United Kingdom,
+44 17 5349 4000
www.centrica.com

Centrica is a utility company that serves customers in the UK, North America, and Norway .Our aim is to meet our customers’ energy needs and deliver long-term value to our shareholders. Centrica was iincorporated in 1812 and is headquartered in Windsor, the United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.4/yr) # 18 2 - - - - 20
vol $2.3B $37M $2.4B
Sell (0.6/yr) # 1 - 1 1 1 - 4
vol $3.6B $2M $3.6B
  24

Most Recent M&A

Company Date Value Type
Centrica Business Solutions Mexico S.A. de C.V. 2022-05-26 2M MXN Divestiture
Mexico City, Mexico · www.centricabusinesssolutions.mx
Io-Tahoe LLC 2021-06-23 - Divestiture
New York, New York · www.iotahoe.com
Direct Energy LP 2020-07-24 3.6B USD Divestiture
Houston, Texas · www.directenergy.com
Minut, Inc. 2019-07-29 - Add-on Acquisition
Malmö, Sweden · www.minut.com
SmartWatt, Inc. 2019-06-19 37M USD Add-on Acquisition
Ballston Lake, New York · www.smartwatt.com
Indegy Ltd. 2018-08-28 22M GBP Add-on Acquisition
Tel Aviv, Israel · www.indegy.com
REstore NV 2017-11-03 79M EUR Add-on Acquisition
Antwerp, Belgium · www.restore.eu
Centrica Plc - Langage & South Humber Bank Gas-Fired Power Stations 2017-06-21 - Divestiture
Windsor, United Kingdom
Rokitt, Inc. 2017-05-03 - Add-on Acquisition
Jersey City, New Jersey · www.rokittastra.com
FlowGem Ltd. 2016-08-30 20M GBP Add-on Acquisition
, United Kingdom
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
British Gas Trading Ltd.    - Power Plus Communications AG 2012-06-20 11
Windsor, United Kingdom · www.britishgas.co.uk Mannheim, Germany · www.ppc-ag.de

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 4 (20%) 530M (22%) 2 (50%) 3.6B (100%)
Oil/Gas Exploration 5 (25%) 1.5B (62%) - -
Energy Services and Equipment 4 (20%) 252M (11%) 1 (25%) 2M (< 1%)
Internet Software and Services 2 (10%) 79M (3%) - -
Technology Hardware 2 (10%) 20M (1%) - -
Software 1 (5%) - 1 (25%) -
Information Technology 1 (5%) 22M (1%) - -
Renewable Energy 1 (5%) - - -
Total 20 $2.4B 4 $3.6B

By Geo

State/Country Buy Value Sell Value
United Kingdom 9 477M 1 -
United States 4 307M 2 3.6B
  Texas 1 270M 1 3.6B
  New York 1 37M 1 -
  New Jersey 1 - - -
  Connecticut 1 - - -
Canada 2 868M - -
Belgium 1 79M - -
Denmark 1 241M - -
Israel 1 22M - -
Mexico - - 1 2M
Sweden 1 - - -
Trinidad and Tobago 1 380M - -
Domestic 9 (45%) 477M (20%) 1 (25%) -
Cross-border 11 (55%) 1.9B (80%) 3 (75%) 3.6B (100%)
Total 20 $2.4B 4 $3.6B

Deal Values

buy # Total
$100M to $1B 7 $2.2B
< $100M 6 $168M
TOTAL $2.4B
Largest CQ Energy Canada Partnership
$760M (2013-04-15)
sell # Total
> $1B 1 $3.6B
< $100M 1 $2M
TOTAL $3.6B
Largest Direct Energy LP
$3.6B (2020-07-24)

M&A Connections

Deals
Acquired from
Investor(s)
10%
2 (10%)
Strategic(s)
30%
6 (30%)
Divested to
Strategic(s)
100%
4 (100%)

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Utilities Companies , United Kingdom Companies