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A deal finalized earlier this month saw Vistra pay $378 million for Crius Energy Trust and agree to assume Crius’ debt of $108 million.
Operating in 20 states and the District of Columbia, Vistra Energy is one of the largest competitive residential electricity providers in the country.
The event has grown from a handful of participants and awards to one that this year featured hundreds of attendees and the recognition of 57 companies throughout New England.
Crius Board of Directors Chairman Brian Burden said that the revised $378 million price is higher than the unnamed third party’s offer, and that the board unanimously approved the new agreement.
Pending regulatory approval, the deal would make Irving, Texas-based Vistra Energy the leading residential electricity provider in the nation.
Viridian International Management LLC and North American Utility Partners aim to give large commercial customers more energy choices to enhance corporate sustainability initiatives.
If approved, the acquisition will add approximately 375,000 residential customer equivalents in 11 states and D.C. to Crius’ customer portfolio.
Solar Alliance will focus on markets that represent the majority of the existing retail energy customer base of Crius Solar's affiliate, Crius Energy.
Oakland-based Sungevity has eliminated 350 jobs and arranged a sale of its assets to an investment group.
Crius Solar is a wholly-owned subsidiary of Crius Energy Corp., which in September relocated its headquarters from Stamford to Norwalk.
Crius Energy, moving from Stamford to Norwalk, is receiving up to $10 million to stay in the state, with the company promising the addition of 225 jobs over the next four years.