Add-on Acquisition • Safety/Security

NRG Acquires Vivint

On December 6, 2022, NRG acquired safety/security company Vivint for 2.8B USD

Acquisition Context
  • This is NRG’s 1st transaction in the Safety/Security sector.
  • This is NRG’s 3rd largest (disclosed) transaction.
  • This is NRG’s 15th transaction in the United States.
  • This is NRG’s 2nd transaction in Utah.

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M&A Deal Summary

Date December 6, 2022
Target Vivint
Sector Safety/Security
Buyer(s) NRG
Deal Type Add-on Acquisition
Deal Value 2.8B USD
Advisor(s) J.P. Morgan Securities (Financial)
Simpson Thacher & Bartlett (Legal)

Target Company

Vivint

Provo, Utah, United States
Vivint is a full-service security alarm company that generates sales door-to-door during the summer months and services the contracts throughout the year. Vivint was formed in 1999 and is based in Provo, Utah.
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Buyer Overview 1

Buyer

NRG

Houston, Texas, United States

Category Company
Founded 1989
Sector Utilities
Employees15,637
Revenue 28.1B USD (2024)
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 Context for Buyer #
Overall 16 of 16
Sector: Safety/Security 1 of 1
Type: Add-on Acquisition 11 of 11
State: Utah 2 of 2
Country: United States 15 of 15
Year: 2022 1 of 1
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 NRG Energy - Behind the Meter Solutions

Houston, New Jersey, United States

NRG Energy's Behind the Meter Solutions portfolio includes approximately 15 MWs of commercial and industrial customer & reduce energy costs. NRG Energy's Behind the Meter Solutions is based in Houston, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 NRG Energy - Texas Nuclear Plant

Houston, Texas, United States

NRG Energy's Texas Nuclear Plant is a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of Houston.

Sell -