May 27, 2011 DonnyE

Constellation Energy buys Startex Power in Texas

Constellation buys Startex Power 142 million

Startex Power has been one of those success stories in Texas because of their fast growth as a privately held retail electric company competing against giants like TXU Energy and Reliant Energy.

Now Startex Power is one of these giants as they were bought for 142.5 million in cash and will now be a very big strong brand for Constellation in the state of Texas.

Startex started out from an executive that came over from Gexa Energy by the name of Marcy Zlotnik to start her own retail electric provider.

She did very well as CEO and eventually reinquished her position to her husband Robert Zlotnik. These two were finalist for the Ernst & Young Entrepreneur Of The Year award for 2008 in the Houston and Gulf Coast area.

The buyout amount will let Constellation continue where Startex left off and continue to build a very well respected brand in the state of Texas.

No information was given as to whether Startex Power was experiencing any negative things that were hurting their overall business to require a larger company to buy them out as was the case with Amigo Energy and Starlight Power.

Tagged: , , , , , , , , , , , , , , , , , , , , , , , ,

About the Author

DonnyE Donny owns Electricitybid.com and started the website back in 2007 to help energy consumers in Texas and the U.S. shop for electric rates from multiple vetted electric companies. In his spare time he enjoys wrestling with his 6 year old son, 3 year old son and our new 20 month old son. He also likes softball, kickboxing, and doing fun excursions and activities with his wife Melody.

Leave a Reply

Your email address will not be published. Required fields are marked *

Electricity Bid helps you find an electric rate and provider to save you money and keep life simple.

Get in touch with us!