M&A Deal Summary |
|
|---|---|
| Date | 2022-05-20 |
| Target | NRG Energy - Behind the Meter Solutions |
| Sector | Utilities |
| Buyer(s) | Palm Energy |
| Sellers(s) | NRG |
| Deal Type | Divestiture |
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Palm Energy provides facilities with a no-blip instant backup power solution that can sustain long-duration outages and can generate considerable energy savings. Palm Energy provides this through its no CapEx Energy and Reliability Service Agreement and e2 Companies’ Patent Pending “R3Di” technology. Palm Energy is based in Bonita Springs, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Utilities) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2022) | 1 of 1 |
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 | 6 of 8 |
| Sector (Utilities) | 2 of 3 |
| Type (Divestiture) | 6 of 7 |
| State (New Jersey) | 2 of 2 |
| Country (United States) | 6 of 8 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-24 |
Direct Energy
Houston, Texas, United States 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. |
Buy | $3.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-06 |
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. |
Buy | $2.8B |
