M&A Deal Summary

Choose Energy Acquires Power2Switch

On September 30, 2013, Choose Energy acquired internet software and services company Power2Switch

Acquisition Highlights
  • This is Choose Energy’s 1st transaction in the Internet Software and Services sector.
  • This is Choose Energy’s 1st transaction in the United States.
  • This is Choose Energy’s 1st transaction in Illinois.

M&A Deal Summary

Date 2013-09-30
Target Power2Switch
Sector Internet Software and Services
Buyer(s) Choose Energy
Deal Type Add-on Acquisition

Target

Power2Switch

Chicago, Illinois, United States
Power2Switch LLC is a software application that enables consumers to reduce energy costs by comparing rates and switching electricity providers.

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Buyer(S) 1

Buyer

Choose Energy

Plano, Texas, United States

Category Company
Founded 2008
Sector Internet Software and Services
DESCRIPTION

Choose Energy, Inc. is an online energy marketplace that allows consumers to compare retail electricity plans and seamlessly enroll online.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1