Stream has completed the previously announced sale of its retail energy business to NRG Retail LLC. The closing of the transaction between Stream, a leading direct selling company and marketer of energy and wireless services, and NRG Retail, a subsidiary of NRG Energy, Inc. (NYSE: NRG), follows the receipt of all required regulatory approvals. Kynect will be the…

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NRG

Stream Energy announced that it has entered into a definitive agreement to sell its retail energy business to NRG Retail LLC, a subsidiary of NRG Energy, Inc. (NYSE: NRG). At closing, the Dallas, Texas-based Stream’s remaining business will emerge as a new brand to market energy and wireless services through its independent sales organization and will be the exclusive…

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Kynect

Dallas-based Stream continues to expand its footprint and stay at the forefront as a leader in the direct selling industry. StreamFounded: 2005Headquarters: Dallas, TXTop Executive: Mark “Bouncer” Schiro, CEOAnnual Revenue: $958 MillionProducts: Energy (electric and gas), wireless, protective and home services Dallas-based Stream was founded in 2005 by Rob Snyder and Pierre Koshakji as a direct selling…

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