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Badar Khan, president and CEO of Direct Energy, said, 'AWHR presents us with a unique opportunity to grow Direct Energy's customer base through a combination with our existing home services operations and expertise in water heater rental services.
To strengthen its business, it acquired Florida-based Clockwork Home Services in 2010 and Home Warranty of America in 2012.Country: USASector: Machinery/Engineering, Business and Consumer ServicesTarget: AWHR America's Water Heater Rentals LLCBuyer: Centrica Plc, Direct EnergyVendor: MWHRDeal size in USD: 30mType: Corporate acquisitionStatus: Agreed
MWHR, a United States-based investment entity, is selling AWHR America's Water Heater Rentals LLC to Direct Energy, a North America-based energy and energy-related services companies.
M2 EQUITYBITES-September 5, 2013-Centrica's Direct Energy to buy AWHR for USD30m(C)2013 M2 COMMUNICATIONS http://www.m2.com
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