M&A Deal Summary |
|
|---|---|
| Date | 2018-04-03 |
| Target | ERCOT |
| Sector | Utilities |
| Buyer(s) | Zenergy Brands |
| Sellers(s) | Zen Technologies |
| Deal Type | Divestiture |
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Zenergy Brands, Inc. is an energy and technology company operating in the emerging smart energy, conservation and utilities industries. The Company provides energy conservation, smart controls, and efficiency-based products and services to commercial, industrial and municipal end-use customers. The Company specializes in reducing utility expenses (electricity, natural gas and water) from 20% to as much as 60% through it’s cutting edge Zero Cost Program.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Texas M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2018 M&A | 1 of 1 |
Zen Technologies, Inc. is a 21st century home services company whose mission is to make the "Smart Home" a reality for the millions of homeowners and apartment homes across the United States. Zen provides homeowners with the latest in security, monitoring and automation controls enabling homeowners to have a Smart Home at an affordable price. Zen combines that with its green energy services, reducing both their carbon footprint and their monthly energy expense.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Texas M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2018 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-17 |
ERCOT
Houston, Texas, United States Enertrade Electric LLC manages the flow of electric power to 24 million Texas customers - representing about 90 percent of the state's electric load. As the independent system operator for the region, ERCOT schedules power on an electric grid that connects more than 46,500 miles of transmission lines and 550 generation units. |
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