Centrica - M&A Summary and Business Overview

UtilitiesCompany

Centrica M&A Summary

Centrica has acquired 20 companies, including 2 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%).

Centrica Business Overview

Where is Centrica headquartered?

Centrica is headquartered in Windsor, United Kingdom.

What is Centrica’s revenue?

Centrica disclosed revenue of 14,744M GBP for 2021 and 12,249M GBP for 2020.

How many employees does Centrica have?

Centrica has 19,899 employees.

What sector is Centrica in?

Centrica is an utilities company.

When was Centrica founded?

Centrica was founded in 1812.

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 20 - - - - - 20
vol $2.4B $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