Direct Energy Overview
- Year Founded
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1986
- Status
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Acquired/Merged
- Employees
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3,000
- Latest Deal Type
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M&A
- Financing Rounds
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3
- Investments
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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
Website
www.directenergy.com(Operating Subsidiary)
Corporate Office
- 910 Louisiana Street
- Houston, TX 77002
- United States
Corporate Office
- 910 Louisiana Street
- Houston, TX 77002
- United States
Direct Energy Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Direct Energy Comparisons
Industry
Financing
Details
Direct Energy Competitors (10)
One of Direct Energy’s 10 competitors is Oklahoma Natural Gas, a Corporation company based in Oklahoma City, OK.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Oklahoma Natural Gas | Corporation | Oklahoma City, OK | ||||
| Just Energy Group | Corporation | Houston, TX | ||||
| Peoples Natural Gas | Formerly PE-Backed | Pittsburgh, PA | ||||
| Constellation Energy | Corporation | Baltimore, MD | ||||
| APG&E | Private Equity-Backed | Houston, TX |
Direct Energy Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Direct Energy Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Direct Energy Investments & Acquisitions (30)
Direct Energy’s most recent deal was a Merger/Acquisition with Source Power & Gas for . The deal was made on 31-Dec-2018.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Source Power & Gas | 31-Dec-2018 | Merger/Acquisition | Electric Utilities | ||
| T.A. Kaiser | 27-Nov-2018 | Merger/Acquisition | Other Commercial Services | ||
| Panoramic Power | 30-Nov-2015 | Merger/Acquisition | Wireless Communications Equipment | ||
| Direct Energy Solar | 29-Jul-2014 | Merger/Acquisition | Alternative Energy Equipment | ||
| Hess Energy Marketing | 01-Nov-2013 | Merger/Acquisition | Distributors/Wholesale |
Direct Energy Exits (3)
Direct Energy’s most recent exit was on 06-Mar-2012 from Home Warranty of America. The exit was categorized as .
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Home Warranty of America | 06-Mar-2012 | Completed |
|
||
| Clockwork Home Services | 01-Jul-2010 | Completed |
|
||
| Frontera Energy Center | 01-Jan-2004 | Corporate Asset Purchase | Completed |
Direct Energy Affiliates
Subsidiaries (6)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Gateway Energy Services | Montebello, NY | 1997 | |
| America's Water Heater Rentals | Canonsburg, PA | 1988 | |
| Airco Mechanical | Round Rock, TX | 1983 | |
| Residential Services Group | Dayton, OH | 1970 | |
| Luced Heating Contractors | Edmonton, Canada |
Direct Energy FAQs
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When was Direct Energy founded?
Direct Energy was founded in 1986.
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Where is Direct Energy headquartered?
Direct Energy is headquartered in Houston, TX.
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What is the size of Direct Energy?
Direct Energy has 3,000 total employees.
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What industry is Direct Energy in?
Direct Energy’s primary industry is Multi-Utilities.
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Is Direct Energy a private or public company?
Direct Energy is a Private company.
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What is the current valuation of Direct Energy?
The current valuation of Direct Energy is .
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What is Direct Energy’s current revenue?
The current revenue for Direct Energy is .
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Who are Direct Energy’s investors?
Centrica and Optus Capital Partners have invested in Direct Energy.
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Who are Direct Energy’s competitors?
Oklahoma Natural Gas, Just Energy Group, Peoples Natural Gas, Constellation Energy, and APG&E are some of the 10 competitors of Direct Energy.
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When was Direct Energy acquired?
Direct Energy was acquired on 05-Jan-2021.
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Who acquired Direct Energy?
Direct Energy was acquired by NRG Energy.
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