Authority Brands
VerifiedFranchisor
Home-services FRANCHISE platform; 12+ franchise brands incl. One Hour Heating & Air, Benjamin Franklin Plumbing, Mister Sparky. Apax majority since Sept 2018; BCI minority Q4 2022.
Headquarters
Ownership map
Ownership links are documented, evidence-gated edges, shown as reported by their sources. Naming a company is not an accusation against it. See our methodology and legal notes.
Ownership
Ownership links are documented, evidence-gated edges, shown as reported by their sources. A verified mark denotes an independently corroborated edge; links shown as reported are drawn as their sources record them and are not independently corroborated. Naming a company is not an accusation against it. See our methodology and legal notes.
- Authority Brands backed by Apax Partners Verified
- Authority Brands backed by PNC Riverarch Capital Verified
- Authority Brands Part Of Apax Partners reported
- Mister Sparky Part Of Authority Brands reported
- Clockwork Home Services rolled up into Authority Brands Verified
Ownership
Ownership links are documented, evidence-gated edges, shown as reported by their sources. A verified mark denotes an independently corroborated edge; links shown as reported are drawn as their sources record them and are not independently corroborated. Naming a company is not an accusation against it. See our methodology and legal notes.
- Authority Brands backed by Apax Partners Verified
- Authority Brands backed by PNC Riverarch Capital Verified
- Authority Brands Part Of Apax Partners reported
- Mister Sparky Part Of Authority Brands reported
- Clockwork Home Services rolled up into Authority Brands Verified
Market signals
Market signals
Acquisition history
Deals
Apax Partners acquires majority of Authority Brands
Authority Brands (Apax-backed) acquires Clockwork Inc. from Direct Energy
Authority Brands acquires Clockwork Inc.
Related news
- bci.ca· Sep 20, 2022
BCI has led a significant investment in Authority Brands, the premier home service franchisor in North America, joining existing investor Apax Funds. The investment aims to support Authority Brands' continued growth through M&A, franchise development, technology transformation, and international expansion. Financial terms were not disclosed, and the transaction is expected to close in Q4 2022.
- prnewswire.com· Sep 24, 2018
Funds advised by Apax Partners announced the acquisition of Authority Brands, a North American franchisor of home services, from PNC Riverarch Capital. Financial terms were not disclosed. The acquisition aims to accelerate growth organically and through strategic acquisitions, with Authority Brands' management team remaining in place.
- apax.com· Sep 24, 2018
Funds advised by Apax Partners announced the acquisition of Authority Brands, a North American franchisor of home services, from PNC Riverarch Capital. Authority Brands is the parent company of The Cleaning Authority and Homewatch CareGivers, operating over 300 franchises. The acquisition aims to accelerate growth organically and through strategic acquisitions, with management remaining in place.
- Acquisitions | Authority BrandsVerifiedauthoritybrands.com
This article from Authority Brands describes the company's history of acquisitions since its founding in 2017, including the acquisition of home-service brands such as One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing, and Mister Sparky Electric. It outlines the company's growth through acquiring founder-led brands and its criteria for future acquisitions, focusing on market leaders with low disruption risk and strong unit economics.
- newsnreleases.com
The Apax IX Fund has signed a definitive agreement to sell its stake in Authority Brands, a US franchisor of residential services. British Columbia Investment Management Corporation (BCI) will invest in a consortium as part of the transaction. The purchase price was set by an independent third-party valuation, and the deal is expected to close in Q4 2022. The consortium plans to continue partnering with management to extend the platform.
- authoritybrands.com
This article describes Authority Brands as a leading provider of home services, founded in 2017, with 15 home service franchisors and over 1,000 franchise owners across the US and Canada. It states the company generates more than $2 billion in revenue and focuses on providing marketing, technology, and operational support to its franchise network. The article lists its portfolio brands, which include HVAC services such as One Hour Heating & Air Conditioning, and outlines its vision to grow franchise brands averaging over $1 million in per-unit revenue.