Direct Energy Overview
- Year Founded
-
1986
- Status
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Acquired/Merged
- Employees
-
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 energy retail services intended to offer utility choices and management tools. The company provides electricity retailing, gas distribution, energy management, home automation, security monitoring, and efficiency consulting, enabling residential and commercial clients to manage utility costs and home environments through integrated supply and technology offerings.
Contact Information
Website
www.directenergy.com(Operating Subsidiary)
Corporate Office
- 1301 McKinney Street
- Suite 4800
- Houston, TX 77010
- United States
Corporate Office
- 1301 McKinney Street
- Suite 4800
- Houston, TX 77010
- 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 (12)
One of Direct Energy’s 12 competitors is Florida Power & Light, a Private Debt Financed company based in Juno Beach, FL.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Florida Power & Light | Private Debt Financed | Juno Beach, FL | ||||
| Just Energy Group | Corporate Backed or Acquired | Houston, TX | ||||
| Oklahoma Natural Gas | Corporation | Oklahoma City, OK | ||||
| Peoples Natural Gas | Formerly PE-Backed | Pittsburgh, PA | ||||
| 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 (4)
Direct Energy’s most recent exit was on 30-Nov-2015 from Panoramic Power. The exit was categorized as .
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Panoramic Power | 30-Nov-2015 | Completed |
|
||
| Home Warranty of America | 06-Mar-2012 | Completed |
|
||
| Clockwork Home Services | 01-Jul-2010 | Completed |
|
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| 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 .
-
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?
Florida Power & Light, Just Energy Group, Oklahoma Natural Gas, Peoples Natural Gas, and APG&E are some of the 12 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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