Electrical Marketing’s LiveWire:
Direct Energy, an Ontario-based provider of repair and maintenance services for the residential market, has announced its intention to acquire the assets and business of Clockwork Home Services, Inc., Sarasota, Fla., for $183 million.
Clockwork Home Services owns a diverse array of franchise contracting businesses, including the Mr. Sparky electrical contracting franchise, One Hour Heating and Air Conditioning and Benjamin Franklin Plumbing. According to Entrepreneur magazine’s 2010 listing of the 500 largest franchising businesses, Mr. Sparky was ranked #398 and had 83 franchises in the United States. Direct Energy Services and Clockwork Home Services will combine to become the largest provider of heating and cooling, plumbing and electrical services to more than three million households annually in North America. More.
