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Majority stake · Closed Oct 2010 Verified

Direct Energy acquired Clockwork Home Services in 2010

Relationship map

Relationship map for Direct Energy acquired Clockwork Home Services in 2010parent ofDirect Energy (Centrica): StrategicDirect Energy (Centri…Clockwork Home Services: FranchisorCHClockwork Home Servic…
FranchisorStrategic

Parties

Acquirer
Direct Energy (Centrica)
Strategic
Target
Clockwork Home Services
Franchisor

Market signals

Deal value$183Mdisclosed 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

In 2010, Direct Energy Services acquired Florida-based Clockwork Home Services, becoming one of the largest providers of heating, cooling, plumbing and electrical services in North America. Clockwork brands include One Hour Heating and Air Conditioning, Benjamin Franklin Plumbing, and Mister Sparky.

Primary source