Vistra Energy completed the acquisition of Crius Energy Trust for $328m.

Vistra Energy, a premier, integrated power company based in Irving, Texas, completed the acquisition of Crius Energy Trust, which sells electricity, natural gas, and solar energy products to residential and commercial customers, for $328m. The purchase price of C$7.57 per share represents an approximately 38% premium to Crius Energy’s unit price of C$5.48 as of market close on Feb. 6, 2019. In addition to the purchase price, Crius Energy unitholders received Crius Energy’s previously-declared distribution for the first quarter of 2019 in the amount of C$0.209 per unit for total consideration in the amount of C$7.779 per unit. “We are excited to announce this transaction, which will accelerate Vistra’s retail growth expansion plans via the acquisition of a high-quality electricity and gas retailer serving primarily residential and small business customers. The Crius Energy portfolio has a high degree of overlap with Vistra’s generation fleet and complements Vistra’s existing municipal aggregation and large commercial and industrial portfolio in the Midwest and Northeast markets. We welcome the Crius Energy team to the Vistra family,” Curt Morgan, Vistra’s President and Chief Executive Officer.