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Majority stake Closed New Jun 2026

Direct Energy completes sale of Clockwork to Authority Brands

Relationship map

Relationship map for Direct Energy completes sale of Clockwork to Authority Brandsbacksparent ofApax Partners: Pe FirmAPApax PartnersAuthority Brands: FranchisorAuthority BrandsClockwork Home Services: FranchisorCHClockwork Home Servic…
FranchisorPe Firm

Parties

Acquirer
Authority Brands
Franchisor
Target
Clockwork Home Services
Franchisor
Sponsor
Apax Partners
Pe Firm

Market signals

Deal value$300M reported total consideration as reported by centrica.com

Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.

Summary

Direct Energy sold Clockwork, Inc. and affiliates to Authority Brands for $300 million.

Primary source