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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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New arena at Will Rogers takes shape


The proposed Will Rogers Memorial Center arena continues to take shape as voters head for a Nov. 4 election to decide whether to approve new taxes to help pay for the $450 million facility.

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Cooking Class: Fort Worth chef brings home the gold

Toques off to Timothy Prefontaine. The executive chef at the iconic Fort Worth Club is currently the best in the nation, according to the American Culinary Federation. Prefontaine earned the title of 2014 U.S.A.’s Chef of the

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Fort Worth firm 'simplifies' advertising

Reaching customers requires more than price slashing and flashy ads. In today’s competitive marketplace, machines – not men and women – are essential to tapping new markets and

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Trinity Valley School leader to leave in May 2015

Gary Krahn, head of school for the past eight years at Trinity Valley School in Fort Worth, will leave his position in May 2015 when he and his wife Paula will move

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Direct Energy to acquire Bounce Energy for $46 Million
 
 
A. Lee Graham
Reporter
 
Direct Energy of Houston has agreed to acquire Bounce Energy, also of Houston, for $46 million in cash plus additional working capital.
The acquisition further strengthens Direct Energy's residential business as the nation’s largest energy retailer.
 
"The further expansion of our residential business is an essential component of our North American growth strategy," said Badar Khan, president and CEO of Direct Energy, commenting in a news release.
"The acquisition of Bounce Energy will provide customers with more innovative, efficient and competitive energy services options," Khan said.
 
Bounce Energy’s top executive agrees.
 
"Direct Energy is the ideal organization with which to expand our e-commerce platform and digital marketing capabilities," said CEO Robbie Wright.
 
"Its solid financial foundation and the scope of its operational footprint will allow for greater expansion into new U.S. markets to offer customers more competitive energy rates and exceptional customer service," Wright said.  
 
Bounce Energy provides full-service electricity to more than 80,000 residential and small business customers in the competitive energy markets of Texas, Pennsylvania and New York. Direct Energy is expected to leverage Bounce Energy's digital marketing experience to boost its digital sales and service capabilities.
 
The transaction is subject to regulatory review and is expected to close in the third quarter of 2013.
Direct Energy, a subsidiary of Centrica plc, operates in 46 states, Washington, D.C. and 10 provinces in Canada. More information is available at www.directenergy.com.
 
Bounce Energy is a privately-owned Texas electricity company. More information is available at  www.bounceenergy.com.
 
lgraham@bizpress.net

 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?