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

UtilitiesCompany

OVO Energy M&A Summary

OVO Energy has acquired 3 companies of its own, including 1 in the last 5 years.

OVO Energy’s largest acquisition to date was in 2019, when it acquired SSE - SSE Energy Services Business for $770M. OVO Energy has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include utilities (67%) and business services (34%).

OVO Energy Ownership

Who owns OVO Energy?

OVO Energy is owned by Mayfair Equity Partners. It was acquired on April 1, 2015.

Is OVO Energy PE-backed?

Yes. OVO Energy is owned by private equity investor Mayfair Equity Partners.

OVO Energy Business Overview

Where is OVO Energy headquartered?

OVO Energy is headquartered in Bristol, United Kingdom.

How many employees does OVO Energy have?

OVO Energy has 900 employees.

What sector is OVO Energy in?

OVO Energy is an utilities company.

When was OVO Energy founded?

OVO Energy was founded in 2009.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1

OVO Energy Ltd.

1 Rivergate Temple Quay,
Bristol, BS1 6ED
United Kingdom,
+44 1179 303 100
www.ovoenergy.com

Ovo is one of the UK’s major independent suppliers of domestic energy. Founded in 2009, it competes as a fast growth challenger to the “Big Six” UK domestic energy suppliers. Technology leadership is central to Ovo’s service proposition, enabling it to provide its customers with high levels of service at a lower cost-to-serve versus many other suppliers. It also benefits from a strong and trusted brand.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $770M $770M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
SSE plc - SSE Energy Services Business 2019-09-13 770M GBP Divestiture
Perth, United Kingdom
Corgi HomePlan Ltd. 2017-05-12 - Add-on Acquisition
Dunfermline, United Kingdom · www.corgihomeplan.co.uk
VCharge, Inc. 2017-02-09 - Add-on Acquisition
Providence, Rhode Island · www.vcharge-energy.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 2 (67%) 770M (100%) - -
Business Services 1 (33%) - - -
Total 3 $770M - -

By Geo

State/Country Buy Value Sell Value
United Kingdom 2 770M - -
United States 1 - - -
  Rhode Island 1 - - -
Domestic 2 (67%) 770M (100%) - -
Cross-border 1 (33%) - - -
Total 3 $770M - -

Deal Values

buy # Total
$100M to $1B 1 $770M
TOTAL $770M
Largest SSE plc - SSE Energy Services Business
$770M (2019-09-13)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)

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Utilities Companies , United Kingdom Companies