Home Energy Post-acquisition layoffs to begin at former Crius Energy in Norwalk

Post-acquisition layoffs to begin at former Crius Energy in Norwalk

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Roughly half of the employees at what formerly was Crius Energy in Norwalk are being let go, following that company’s acquisition by Irving, Texas-based Vistra Energy.

That deal, finalized earlier this month, saw Vistra pay $378 million for Crius Energy Trust and agree to assume Crius’ debt of $108 million.

According to a filing with the Connecticut Department of Labor, Vistra plans to lay off 74 workers beginning Sept. 15. According to SEC filings, Crius has 146 employees in Norwalk.

Crius – which owns a number of brands that sell power in Texas, including TriEagle Energy, Energy Rewards and Viridian Energy – and Vistra agreed to the deal in February.

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