Largest home services player signals wave of acquisitions, mom-and-pop pressure

Clockwork CEO Jim Abrams predicts rapid acquisition activity following the Direct Energy deal, with capital available for buying both franchisees and non-franchised contractors, and warns independent shops must affiliate to survive.

““These unique acquisition opportunities will happen quickly. Circumstances such as these have only happened one other time in my 36 year career,” said Abrams. “There is a lot of capital, a lot of cash, and a lot of acquisitions to be done.””

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