Sse Deal: Stephen Fitzpatrick and Bristol Years

sse deal: The approval clears the way for Ovo to become the second largest energy supplier in the country, and propels the personal wealth of its founder, Stephen Fitzpatrick, past 600m, according to The Guardian. The former banker founded Ovo Energy in Bristol 10 years ago and still holds a 67% stake in the company, which was valued at 1bn before the SSE deal. The UK's competition watchdog, the Competition and Markets Authority, cleared Ovo Energy's 500m takeover of SSE's energy supply arm, saying the tie-up would not affect competition in the energy market. The deal will increase Ovo's customer base from 1.5 million to 5 million homes at a stroke. Today, his energy upstart is valued at a billion pounds and will soon be one of the largest energy suppliers in Britain second only to British Gas. Profile Ovo Energy boss Stephen Fitzpatrick Show Hide Profile - Ovo Energy boss Stephen Fitzpatrick Stephen Fitzpatrick, the founder of Ovo Energy, was once a disruptive challenger to the big six energy suppliers. (news.financializer.com). As reported in the news.