M&A Deal Summary

Direct Energy Acquires Bounce Energy

On July 12, 2013, Direct Energy acquired utilities company Bounce Energy for 46M USD

Acquisition Highlights
  • This is Direct Energy’s 1st transaction in the Utilities sector.
  • This is Direct Energy’s 6th largest (disclosed) transaction.
  • This is Direct Energy’s 9th transaction in the United States.
  • This is Direct Energy’s 2nd transaction in Texas.

M&A Deal Summary

Date 2013-07-12
Target Bounce Energy
Sector Utilities
Buyer(s) Direct Energy
Deal Type Add-on Acquisition
Deal Value 46M USD

Target

Bounce Energy

Houston, Texas, United States
Bounce has more than 80,000 residential customers, predominantly in Texas, and has developed a leading internet-based platform for marketing innovative products to customers and servicing their accounts.

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Buyer(S) 1

Buyer

Direct Energy

Houston, Texas, United States

Category Company
Founded 1997
Sector Utilities
DESCRIPTION

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.


DEAL STATS #
Overall 10 of 15
Sector (Utilities) 1 of 3
Type (Add-on Acquisition) 5 of 7
State (Texas) 2 of 3
Country (United States) 9 of 13
Year (2013) 1 of 3
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 Energetix DE

Westerville, Ohio, United States

Energetix DE, LLC (a Delaware limited liability company), is an energy services company (ESCo) that provides electricity, natural gas, and clean energy solutions to residential, small business, large commercial and industrial customers. We are one of the leading energy and green energy suppliers in New York State.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 America s Water Heater Rentals

Canonsburg, Pennsylvania, United States

America's Water Heater Rentals LLC is a residential water heater rental business with 85,000 customers in 14 states. Partnered with a fundless sponsor to purchase this non-core business from a large, Midwest utility

Buy $30M