Just Energy - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Just Energy M&A Summary

Just Energy has acquired 3 companies. It has also divested 2 assets.

Just Energy’s largest acquisition to date was in 2018, when it acquired Filter Group for $37M. It’s largest disclosed sale occurred in 2021, when it sold ecobee to Generac Holdings for $770M. Just Energy has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include internet software and services (34%) and consumer products (34%).

Just Energy Business Overview

Where is Just Energy headquartered?

Just Energy is headquartered in Toronto, Ontario.

What is Just Energy’s revenue?

Just Energy disclosed revenue of 2,740M CAD for 2021 and 2,773M CAD for 2020.

How many employees does Just Energy have?

Just Energy has 1,581 employees.

What sector is Just Energy in?

Just Energy is an energy services and equipment company.

When was Just Energy founded?

Just Energy was founded in 1997.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

Just Energy

Just Energy Group, Inc.

6345 Dixie Road Suite 400,
Toronto, Ontario L5T 2E6
Canada,
(905) 670-4440
www.justenergygroup.com

Just Energy's business primarily involves the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price, price-protected, or variable-priced contracts and green energy products. Just Energy Group was founded in 1997 and is based in Mississauga, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $37M $37M
Sell (0.2/yr) # 1 - 1 - - - 2
vol $56M $770M $826M
  5

Most Recent M&A

Company Date Value Type
ecobee, Inc. 2021-11-01 770M USD Divestiture
Toronto, Ontario · www.ecobee.com
Filter Group, Inc. 2018-09-10 37M USD Add-on Acquisition
Toronto, Ontario · www.filtergroup.com
EdgePower, Inc. 2018-02-05 - Add-on Acquisition
Aspen, Colorado · www.edgepower.com
db swdirekt GmbH 2016-12-12 - Add-on Acquisition
Hamburg, Germany · www.dbswdirekt.de
Hudson Energy Solar Corp. 2014-11-04 56M USD Divestiture
Ramsey, New Jersey · www.hudsonenergysolar.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 1 (33%) 37M (100%) - -
Energy Services and Equipment 1 (33%) - - -
Internet Software and Services 1 (33%) - - -
Electronics - - 1 (50%) 770M (93%)
Renewable Energy - - 1 (50%) 56M (7%)
Total 3 $37M 2 $826M

By Geo

State/Country Buy Value Sell Value
Canada 1 37M 1 770M
  Ontario 1 37M 1 770M
United States 1 - 1 56M
  Colorado 1 - - -
  New Jersey - - 1 56M
Germany 1 - - -
Domestic 1 (33%) 37M (100%) 1 (50%) 770M (93%)
Cross-border 2 (67%) - 1 (50%) 56M (7%)
Total 3 $37M 2 $826M

Top M&A Advisors

Financial Deals
CIBC Capital Markets
1
National Bank Financial
1
Legal Deals
Osler
1

Deal Values

buy # Total
< $100M 1 $37M
TOTAL $37M
Largest Filter Group, Inc.
$37M (2018-09-10)
sell # Total
$100M to $1B 1 $770M
< $100M 1 $56M
TOTAL $826M
Largest ecobee, Inc.
$770M (2021-11-01)

M&A Connections

Deals
Divested to
Strategic(s)
100%
2 (100%)

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