Authority Brands (Apax-backed) acquires Clockwork Inc. from Direct Energy

Authority Brands, a home services franchising platform backed by funds advised by Apax Partners, acquired Clockwork Inc. (Benjamin Franklin Plumbing, One Hour Heating & Air, Mister Sparky Electric) from Direct Energy. The deal brings Authority Brands to seven brands and doubles system revenue to over $1 billion.

“home services brand Clockwork Inc. has been [acquired](/keywords/17511-hvac-industry-acquisitions) from Direct Energy Group by Authority Brands, a leading home services franchising platform backed by funds advised by Apax Partners.”

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