M&A Deal Summary

Centrica Acquires SmartWatt

On June 19, 2019, Centrica acquired utilities company SmartWatt for 37M USD

Acquisition Highlights
  • This is Centrica’s 4th transaction in the Utilities sector.
  • This is Centrica’s 9th largest (disclosed) transaction.
  • This is Centrica’s 4th transaction in the United States.
  • This is Centrica’s 1st transaction in New York.

M&A Deal Summary
Date 2019-06-19
Target SmartWatt
Sector Utilities
Buyer(s) Centrica
Deal Type Add-on Acquisition
Deal Value 37M USD
Advisor(s) FMI Capital Advisors (Financial)

Target

SmartWatt

Ballston Lake, New York, United States
SmartWatt, Inc. has nearly two decades of experience improving energy systems and delivering optimum financial performance, human comfort, safety and productivity for commercial, industrial and public-sector customers. SmartWatt’s team of experts focus on combining lighting retrofits and efficiency upgrades such as HVAC, building automation, water conservation and performance assurance (M&V) as well as solar power to meet customers’ specific energy needs.

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Buyer(S) 1

Buyer

Centrica

Windsor, United Kingdom
Category Company
Founded 1812
Sector Utilities
Employees21,432
Revenue 26.5B GBP (2023)
DESCRIPTION

Centrica is a utility company that serves customers in the UK, North America, and Norway. Centrica aims to meet our customers’ energy needs and deliver long-term value to our shareholders. Centrica was founded in 1812 and is headquartered in Windsor, England.

DEAL STATS #
Overall 19 of 21
Sector (Utilities) 4 of 4
Type (Add-on Acquisition) 11 of 13
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2019) 1 of 2
Size (of disclosed) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Indegy

Tel Aviv, Israel

Indegy Ltd. is specializes in technology that gives businesses visibility and control over their industrial control systems to protect against cyber threats, malicious insiders and human error. Indegy was founded in 2014 and is based in Tel Aviv, Israel.

Buy £14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 Minut

Malmö, Sweden

Minut, Inc. has developed an intuitive smart home alarm that combines wireless sensor technology with machine learning to monitor the home environment. It also detects any motion or sound within the home and alerts users to threats through instant notifications. Easy to self-install in less than five minutes, the units are already being sold in 60 countries, with particular success in the rental market where owners are looking for peace of mind for their properties.

Buy -
Mergr

Product

Company

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