M&A Deal Summary

NRG Acquires Energy Plus Holdings

On September 30, 2011, NRG acquired energy services and equipment company Energy Plus Holdings for 190M USD

Acquisition Highlights
  • This is NRG’s 1st transaction in the Energy Services and Equipment sector.
  • This is NRG’s 9th largest (disclosed) transaction.
  • This is NRG’s 5th transaction in the United States.
  • This is NRG’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2011-09-30
Target Energy Plus Holdings
Sector Energy Services and Equipment
Buyer(s) NRG
Deal Type Add-on Acquisition
Deal Value 190M USD

Target

Energy Plus Holdings

Philadelphia, Pennsylvania, United States
Energy Plus® is one of the nation’s fastest-growing energy companies, supplying electricity services to customers in seven competitive energy states. Energy Plus also offers electricity services through its subsidiary Independence Energy as well as natural gas services in New York and New Jersey through its affiliate Energy Plus Natural Gas LP. As the only company to offer energy choice, superior service, green energy options and an ongoing rewards program to every customer, Energy Plus is becoming the preferred energy company for an increasing number of homes and small businesses.

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Buyer(S) 1

Buyer

NRG

Houston, Texas, United States
Category Company
Founded 1989
Sector Utilities
Employees18,131
Revenue 28.8B USD (2023)
DESCRIPTION
Entrance to an NRG office in downtown Houston, Texas.
Entrance to an NRG office in downtown Houston, Texas.

NRG is a wholesale power generation company. NRG engages in the ownership, development, construction, and operation of power generation facilities; the transacting in and trading of fuel and transportation services; and the trading of energy, capacity and related products in the US and select international markets. NRG was formed in 1989 and is based in Houston, Texas.

DEAL STATS #
Overall 5 of 16
Sector (Energy Services and Equipment) 1 of 3
Type (Add-on Acquisition) 3 of 11
State (Pennsylvania) 1 of 1
Country (United States) 5 of 15
Year (2011) 1 of 2
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-16 Green Mountain Energy Company

Austin, Texas, United States

Green Mountain,a retail provider of cleaner energy and carbon offset solutions, was founded in 1997 “to change the way power is made.” The company is the longest serving green power marketer in the U.S. and in 2009 was ranked the “Highest in Texas Business Customer Satisfaction with Retail Electric Service” by J.D. Power and Associates. Green Mountain offers consumers and businesses the choice of clean electricity products from renewable sources such as wind and water, as well as a variety of carbon offset products. Green Mountain customers have collectively helped avoid over 11.3 billion pounds of carbon dioxide emissions.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-07 Solar Power Partners

San Francisco, California, United States

Solar Power Partners Inc., (SPP™) is a developer and system manager of a distributed network of mid-size (20kw to 100+kw) commercial solar energy facilities (SEF) that we own and remotely manage from a central location.

Buy -
Mergr

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