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In January 2020, Vivint completed a merger with Mosaic Acquisition Corp. and became a publicly traded company on the New York Stock Exchange. [19] In December 2022, NRG announced the acquisition of Vivint Smart Home for $2.8 billion in cash, adding home security and automation to its offerings, expected to close on the first quarter of 2023. [20]
Blackstone Announces Closing of Vivint Transaction Acquisition Equips Vivint, North America's Largest Home Automation Services Provider, with Capital and Support to Extend Its Market Leadership ...
Keith Nellesen (born 1967) is an American entrepreneur and the co-founder of Vivint, Inc., a home automation, security and solar energy company.Vivint, Inc. was acquired in late 2012 for $2.2 Billion by the Blackstone Group. [1]
Later in 2018, Vivint counter-sued the New Mexico Attorney General. [24] [25] In July 2020, Sunrun announced that it would acquire Vivint Solar for $3.2 billion. [26] By early October 2020, the acquisition was completed following the approval by regulators and stockholders of both companies, creating a valuation of approximately $22 billion. [27]
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Direct Energy was founded in Toronto in 1986, as a competitive energy retailer. In 2000, the company was acquired by Centrica, the UK-based parent of British energy retailer British Gas. In 2010, Direct Energy acquired Clockwork Home Services making Direct Energy the largest energy and home services retailer in North America.
NRG Energy, Inc. (NYSE:NRG) reported a third-quarter revenue decline of 9.1% year-over-year to $7.22 billion, missing the consensus of $9.381 billion. Adjusted EPS stood at $1.85, missing the ...