Direct Energy to Acquire Appliance Rental Company for $4.5M

Direct Energy announced an agreement to acquire all assets of an unnamed appliance rental company in the northeast United States for $4.5 million. The deal adds approximately 14,000 home services customers in Massachusetts and New Hampshire, expanding Direct Energy's rental, protection plan, and HVAC leasing portfolio. The transaction is expected to close by mid-summer 2015.

“Direct Energy®, one of North America’s leading energy, commercial retail energy, and energy-related services providers, announced it has entered into an agreement to acquire all the assets of an appliance rental company based in the northeast United States for $4.5 million.”

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