Direct Energy Mergers and Acquisitions Summary

UtilitiesCompany

Direct Energy has acquired 15 companies of its own, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

Direct Energy’s largest acquisition to date was in 2013, when it acquired Hess Energy Marketing Business for $1.0B. It’s largest disclosed sale occurred in 2014, when it sold Direct Energy - Home Services Business to Enercare for $418M. Direct Energy has acquired in 8 different US states, and 3 countries. The Company’s most targeted sectors include energy services and equipment (27%) and utilities (20%).

Join Mergr and gain access to Direct Energy’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the utilities sector.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity15
    • M&A Sell Activity3
  • Total Sectors Invested 9
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 12

Direct Energy LP

12 Greenway Plaza Suite 250 ,
Houston, Texas 77046
United States,
(713) 877-3500
www.directenergy.com

Direct Energy LP is retail provider of electricity, natural gas, and home and business energy-related products and services. Direct Energy was founded in 1997 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.2/yr) # 14 1 - - - - 15
vol $1.8B $1.8B
Sell (0.4/yr) # 1 - 1 - - 1 3
vol $418M $418M
  18

Most Recent M&A

Company Date Value Type
Home Warranty of America, Inc. 2022-02-07 - Divestiture
Bedminster, New Jersey · www.hwahomewarranty.com
Clockwork Home Services, Inc. 2019-02-21 - Divestiture
Sarasota, Florida · www.clockworkhomeservices.com
Source Power & Gas LLC 2018-10-14 - Divestiture
Sugar Land, Texas · www.spgenergy.com
Panoramic Power Ltd. 2015-11-12 60M USD Add-on Acquisition
Kfar Sava, Israel · www.panpwr.com
Astrum Solar, Inc. 2014-07-29 - Add-on Acquisition
Annapolis Junction, Maryland · www.astrumsolar.com
Direct Energy - Home Services Business 2014-07-25 418M CAD Divestiture
, Ontario
Hess Energy Marketing Business 2013-11-01 1.0B USD Divestiture
, United States
America's Water Heater Rentals LLC 2013-09-05 30M USD Divestiture
Canonsburg, Pennsylvania · www.awhr.com
Bounce Energy, Inc. 2013-07-12 46M USD Add-on Acquisition
Houston, Texas · www.bounceenergy.com
Energetix DE LLC 2012-07-12 - Divestiture
Westerville, Ohio · www.energetix.net
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 4 (27%) 339M (19%) - -
Utilities 3 (20%) 1.1B (60%) - -
Business Services 1 (7%) 183M (10%) 2 (67%) 418M (100%)
Consumer Services 2 (13%) 30M (2%) - -
Insurance 1 (7%) 48M (3%) 1 (33%) -
Electrical Equipment 1 (7%) - - -
Internet Software and Services 1 (7%) 60M (3%) - -
Oil/Gas Exploration 1 (7%) 44M (2%) - -
Renewable Energy 1 (7%) - - -
Total 15 $1.8B 3 $418M

By Geo

State/Country Buy Value Sell Value
United States 13 1.7B 2 -
  Ohio 4 39M - -
  Texas 3 46M - -
  New Jersey 1 48M 1 -
  Florida 1 183M 1 -
  Pennsylvania 1 30M - -
  New York 1 300M - -
  Maryland 1 - - -
Canada 1 44M 1 418M
  Alberta 1 44M - -
  Ontario - - 1 418M
Israel 1 60M - -
Domestic 13 (87%) 1.7B (94%) 2 (67%) -
Cross-border 2 (13%) 104M (6%) 1 (33%) 418M (100%)
Total 15 $1.8B 3 $418M

Deal Values

buy # Total
> $1B 1 $1.0B
$100M to $1B 2 $483M
< $100M 6 $267M
TOTAL $1.8B
Largest Hess Energy Marketing Business
$1.0B (2013-11-01)
sell # Total
$100M to $1B 1 $418M
TOTAL $418M
Largest Direct Energy - Home Services Business
$418M (2014-07-25)

M&A Connections

Deals
Acquired from
Investor(s)
13%
2 (13%)
Strategic(s)
53%
8 (53%)
Divested to
Strategic(s)
100%
3 (100%)

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