Add-on acquisition Announced Feb 2019 Verified
Authority Brands (Apax) acquires Clockwork for $300M
Figures marked reported are drawn from a single or secondary source and are not independently confirmed.
Summary
Authority Brands bought Clockwork (One Hour HVAC, Benjamin Franklin Plumbing, Mister Sparky; 725+ territories) from Direct Energy for $300M, doubling system revenue past $1B. Value confirmed by primary Centrica PR.