M&A Deal Summary

Direct Energy Acquires Energetix DE

On July 12, 2012, Direct Energy acquired energy services and equipment company Energetix DE from Iberdrola SA

Acquisition Highlights
  • This is Direct Energy’s 4th transaction in the Energy Services and Equipment sector.
  • This is Direct Energy’s 8th transaction in the United States.
  • This is Direct Energy’s 4th transaction in Ohio.

M&A Deal Summary
Date 2012-07-12
Target Energetix DE
Sector Energy Services and Equipment
Buyer(s) Direct Energy
Sellers(s) Iberdrola SA
Deal Type Divestiture

Target

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.

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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 9 of 15
Sector (Energy Services and Equipment) 4 of 4
Type (Divestiture) 5 of 8
State (Ohio) 4 of 4
Country (United States) 8 of 13
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 NYSEG Solutions

Westerville, Ohio, United States

NYSEG Solutions, LLC (a Delaware limited liability company) is an energy services company (ESCo) that provides natural gas, electricity, and clean energy solutions and serves residential, small business, and large commercial/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
2013-07-12 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.

Buy $46M

Seller(S) 1

SELLER

Iberdrola SA

Bilbao, Spain
Category Company
Sector Electrical Equipment
DESCRIPTION

Iberdrola is a Spanish private multinational electric utility company based in Bilbao, Basque Country. Iberdrola has a workforce of around 31,330 employees in dozens of countries on four continents serving around 31,67 million customers

DEAL STATS #
Overall 3 of 5
Sector (Energy Services and Equipment) 3 of 3
Type (Divestiture) 3 of 5
State (Ohio) 2 of 2
Country (United States) 2 of 2
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 NYSEG Solutions

Westerville, Ohio, United States

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

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Avangrid

Orange, Connecticut, United States

Avangrid is a diversified energy delivery company. Avangrid was founded in 1997 and is based in Orange, Connecticut.

Buy -
Mergr

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