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Majority stake Announced Jun 2010

Direct Energy to acquire Clockwork Home Services for $183 million

Relationship map

Relationship map for Direct Energy to acquire Clockwork Home Services for $183 millionparent ofDirect Energy: PlatformDirect EnergyOne Hour Heating and Cooling: Operating CompanyOne Hour Heating and …
Operating CompanyPlatform

Parties

Acquirer
Direct Energy
Platform
Target
One Hour Heating and Cooling
Operating Company
Deal value$183M reported total consideration as reported by supplyht.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 agreed to acquire Clockwork Home Services for $183 million, creating what it describes as North America's largest provider of heating & cooling, plumbing and electrical services to homeowners, with brands One Hour Heating and Cooling, Mister Sparky and Benjamin Franklin Plumbing.

Primary source