Direct Energy Overview

  • Year Founded
  • 1986

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 3,000

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 3

  • Investments
  • 30

Direct Energy General Information

Description

Provider of electricity and gas utility and protection services focused on innovation through energy, data and technology. The company offers electricity and natural gas utilities in various states and provides wholesale power and natural gas trading and marketing services, thereby helping residential and commercial customers with choice and support in managing their energy costs through a portfolio of innovative products and services.

Contact Information

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly PE-Backed
Primary Industry
Multi-Utilities
Other Industries
Electric Utilities
Gas Utilities
Parent Company
Corporate Office
  • 910 Louisiana Street
  • Houston, TX 77002
  • United States

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Direct Energy Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Direct Energy Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of electricity and gas utility and protection services focused on innovation through energy, data and technolog
Multi-Utilities
Houston, TX
3,000 As of 2024
00.000 0000-00-00
000000&0

0.0. 0

nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa q
00000000 000000000
Dallas, TX
000 As of 0000
00.000
000000000 00.000

0000 0

minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea c
00000000 000000000
Houston, TX
0000 As of 0000
00000
0000000000.
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Direct Energy Competitors (12)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
U.S. Gas & Electric Formerly PE-Backed Dallas, TX 000 00.000 000000000 00.000
Just Energy Group Corporation Houston, TX 0000 00000 0000000000.
Oklahoma Natural Gas Corporation Oklahoma City, OK
Peoples Natural Gas Formerly PE-Backed Pittsburgh, PA 000 00000 000000000 00 00000
Constellation Energy Group Corporation Baltimore, MD 00000 00.000 000000000 00.000
You’re viewing 5 of 12 competitors. Get the full list »

Direct Energy Executive Team (25)

Name Title Board Seat Contact Info
Nassim Khamissi Chief Executive Officer
Dave Roberts Chief Operating Officer
Bill Sweeney Chief Marketing Officer
Mark Baker Senior Vice President
You’re viewing 4 of 25 executive team members. Get the full list »

Direct Energy Board Members (1)

Name Representing Role Since
00000 0000 Direct Energy Chairman 000 0000
To view Direct Energy’s complete board members history, request access »

Direct Energy Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Direct Energy Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Direct Energy Investments & Acquisitions (30)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Source Power & Gas 31-Dec-2018 0000000000 000.00 Electric Utilities 0000 0000
T.A. Kaiser 27-Nov-2018 0000000000 0000 Other Commercial Services 0000 0000
Panoramic Power 30-Nov-2015 0000000000 000.00 Wireless Communications Equipment
Direct Energy Solar 29-Jul-2014 0000000000 0000 Alternative Energy Equipment
Hess Energy Marketing 01-Nov-2013 Merger/Acquisition 00.00 Distributors/Wholesale
You’re viewing 5 of 30 investments and acquisitions. Get the full list »

Direct Energy Subsidiaries (7)

Company Name Industry Location Founded
First Choice Power Special Purpose Electric Utilities Irving, TX 2011
Gateway Energy Services Electric Utilities Montebello, NY 0000
America's Water Heater Rentals Household Appliances Canonsburg, PA 0000
Airco Mechanical Other Commercial Services Round Rock, TX 0000
Residential Services Group Other Services (B2C Non-Financial) Dayton, OH 0000
You’re viewing 5 of 7 subsidiaries. Get the full list »

Direct Energy Exits (3)

Company Name Exit Date Exit Type Exit Size Status Buyers
Home Warranty of America 06-Mar-2012 000000000000000000 0000 Completed
  • 000000 000000
Clockwork Home Services 01-Jul-2010 000000000000000000 00000 Completed
  • 000000 000000
Frontera Energy Center 01-Jan-2004 Corporate Asset Purchase Completed
To view Direct Energy’s complete exits history, request access »

Direct Energy FAQs

  • When was Direct Energy founded?

    Direct Energy was founded in 1986.

  • Who is the CEO of Direct Energy?

    Nassim Khamissi is the CEO of Direct Energy.

  • Where is Direct Energy headquartered?

    Direct Energy is headquartered in Houston, TX.

  • What is the size of Direct Energy?

    Direct Energy has 3,000 total employees.

  • What industry is Direct Energy in?

    Direct Energy’s primary industry is Multi-Utilities.

  • Is Direct Energy a private or public company?

    Direct Energy is a Private company.

  • What is the current valuation of Direct Energy?

    The current valuation of Direct Energy is 00.000.

  • What is Direct Energy’s current revenue?

    The current revenue for Direct Energy is 000000.

  • Who are Direct Energy’s investors?

    Centrica and Optus Capital Partners have invested in Direct Energy.

  • Who are Direct Energy’s competitors?

    U.S. Gas & Electric, Just Energy Group, Oklahoma Natural Gas, Peoples Natural Gas, and Constellation Energy Group are some of the 12 competitors of Direct Energy.

  • When was Direct Energy acquired?

    Direct Energy was acquired on 05-Jan-2021.

  • Who acquired Direct Energy?

    Direct Energy was acquired by NRG Energy.

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