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

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

Texas firm completes $378 million acquisition of Norwalk’s Crius Energy

Operating in 20 states and the District of Columbia, Vistra Energy is one of the largest competitive residential electricity providers in the country.

Vistra Energy will pay $50M more for Norwalk’s Crius Energy

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.

Norwalk’s Crius Energy being acquired for $328 million

Pending regulatory approval, the deal would make Irving, Texas-based Vistra Energy the leading residential electricity provider in the nation.