Direct Energy - M&A Summary, Ownership, and Business Overview

UtilitiesCompany

Direct Energy M&A Summary

Direct Energy has acquired 15 companies of its own. 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%).

Direct Energy Ownership

Who owns Direct Energy?

Direct Energy is owned by NRG Energy. It was acquired on July 24, 2020.

Direct Energy Business Overview

Where is Direct Energy headquartered?

Direct Energy is headquartered in Houston, Texas.

What sector is Direct Energy in?

Direct Energy is an utilities company.

When was Direct Energy founded?

Direct Energy was founded in 1997.

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 15 - - - - - 15
vol $1.8B $1.8B
Sell (0.2/yr) # 2 - - 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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