M&A Deal Summary

Vistra Acquires Ambit Energy

On August 20, 2019, Vistra acquired utilities company Ambit Energy for 475M USD

Acquisition Highlights
  • This is Vistra’s 3rd transaction in the Utilities sector.
  • This is Vistra’s 2nd largest (disclosed) transaction.
  • This is Vistra’s 3rd transaction in the United States.
  • This is Vistra’s 2nd transaction in Texas.

M&A Deal Summary
Date 2019-08-20
Target Ambit Energy
Sector Utilities
Buyer(s) Vistra
Deal Type Add-on Acquisition
Deal Value 475M USD
Advisor(s) Scotia Capital, Inc. (Scotiabank - Global Banking and Markets) (Financial)
Munsch Hardt Kopf & Harr (Legal)

Target

Ambit Energy

Dallas, Texas, United States
Ambit Energy LP is a provider of electricity services to residential customers in deregulated Texas and New York markets. Ambit Energy was founded in 2006 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Vistra

Irving, Texas, United States
Category Company
Founded 1882
Sector Utilities
Employees4,870
Revenue 14.8B USD (2023)
DESCRIPTION

Vistra is an integrated power company retail brands serve approximately 2.9 million residential, commercial, and industrial customers across five top retail states, and its generation fleet totals approximately 41,000 megawatts of highly efficient generation capacity, with a diverse portfolio of natural gas, nuclear, coal, solar and battery storage facilities. Vistra was founded in 1882 and is based in Irving, Texas.

DEAL STATS #
Overall 3 of 4
Sector (Utilities) 3 of 4
Type (Add-on Acquisition) 2 of 2
State (Texas) 2 of 2
Country (United States) 3 of 4
Year (2019) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 Crius Energy

Norwalk, Connecticut, United States

Crius Energy LLC is a provider of competitive electricity and natural gas products to residential and commercial customers in 19 states and the District of Columbia in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 Energy Harbor

Akron, Ohio, United States

Energy Harbor is a provider of carbon-free baseload electricity committed to Environmental, Social, and Governance (ESG) principles critical to meeting the nation's emissions goals and accelerating the country's clean energy transition. The company's success is driven by its unwavering employee commitment to safe, reliable operations, financial stability, and best-in-class service to meet the energy and sustainability needs of our customers. Energy Harbor is based in Akron, Ohio.

Buy $3.4B
Mergr

Product

Company

Legal