Direct Energy (Centrica) completes $183M acquisition of Clockwork Home Services

Direct Energy, a subsidiary of Centrica plc, completed its $183 million acquisition of Clockwork Home Services, forming what is described as North America's largest provider of heating, cooling, plumbing, and electrical services under the Clockwork Inc. name.

“Direct Energy, an integrated energy and services company, and a subsidiary of Centrica plc, has completed its $183 million acquisition of the assets and business of Clockwork Home Services Inc. Following approval by Clockwork’s shareholders and receipt of U.S. regulatory approval, the combined Direct Energy Services and Clockwork Inc.® business is now considered to be North America’s largest provider of heating, cooling, plumbing, and electrical services.”

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