Divestiture • Utilities

Constellation Energy Group Acquires Agera Energy - Retail Assets

On October 4, 2019, Constellation Energy Group acquired utilities company Agera Energy - Retail Assets from Agera Energy

Acquisition Context
  • This is Constellation Energy Group’s 3rd transaction in the Utilities sector.
  • This is Constellation Energy Group’s 6th transaction in the United States.
  • This is Constellation Energy Group’s 2nd transaction in New York.

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M&A Deal Summary

Date October 4, 2019
Target Agera Energy - Retail Assets
Sector Utilities
Buyer(s) Constellation Energy Group
Sellers(s) Agera Energy
Deal Type Divestiture

Target Company

Agera Energy - Retail Assets

Briarcliff Manor, New York, United States
Agera Energy LLC - Retail Assets provides retail electricity and natural gas to commercial, industrial, and residential customers.
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Buyer Overview 1

Buyer

Constellation Energy Group

Baltimore, Maryland, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Constellation Energy Group, Inc. is an energy company, develops, owns, operates, and maintains fossil and renewable generating facilities in the United States and Canada.


Deal Context for Buyer #
Overall 6 of 6
Sector: Utilities 3 of 3
Type: Divestiture 3 of 3
State: New York 2 of 2
Country: United States 6 of 6
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-27 ConEdison Solutions - Retail Electricity and Natural Gas Business

Valhalla, New York, United States

ConEdison Solutions - Retail Electricity and Natural Gas Business serving more than 560,000 commercial, industrial, public sector and residential customers across 12 Northeastern, mid-Atlantic, and Midwestern states, Texas, and the District of Columbia.

Buy -

Seller Profile 1

SELLER

Agera Energy

Briarcliff Manor, New York, United States

Category Company
Founded 2014
Sector Utilities
DESCRIPTION

Agera Energy LLC is a retail energy supplier offering a one-stop-shop for energy supply, efficiency and audit services. Serving a national footprint of customers, the company supplies residential and business customers, ranging from the smallest apartments to the largest industrial users, with electricity and natural gas. With best-in-class energy solutions, Agera Energy focuses on its customers so they can focus on their homes and businesses.


Deal Context for Seller #
Overall 1 of 1
Sector: Utilities 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1