IGS Energy Completes Acquisition of Just Energy to Form North America's Energy Retail Giant
IGS Energy to Acquire Just Energy: A New Era in Energy Retailing
In a transformative development in the energy sector, IGS Energy has signed a definitive agreement to acquire Just Energy, a decision that positions IGS Energy among the titans of energy retailing in North America. This merger is set to enhance service delivery to an impressive customer base of 7.5 million residential customer equivalents (RCEs), marking a significant milestone in the landscape of deregulated energy markets across both the United States and Canada.
The acquisition brings together the impressive workforce of 2,250 employees, further solidifying IGS Energy's presence in key regional energy markets. While Just Energy will operate under its existing brand names, the merger is poised to leverage the strengths of both companies for an enriched customer experience and broadened service portfolios.
Scott White, the President and CEO of IGS Energy, expressed enthusiasm about this strategic acquisition, citing Just Energy’s strong operational capabilities and longstanding relationships in the retail sector. Known for its effective origination channels and extensive industry expertise, Just Energy has been a dominant player in the retail energy market for over 25 years, proudly serving customers through its established brands including Just Energy, Hudson Energy, Amigo Energy, and Tara Energy.
Moreover, this acquisition represents a significant growth opportunity for IGS Energy, particularly within the Texas energy market, an area that has long been on their radar. This partnership is particularly advantageous as Just Energy brings along its reputed