• Feature Articles
  • Digital Issues
  • News
  • Podcast
  • Events
  • Products
  • Subscribe
  • Advertise
Facebook Twitter Instagram
Trending
  • May/June 2022
  • Building permits in March declines 9.3 per cent to $11.7 billion.
  • Leduc, Alberta receives $4.1 million investment for its Clean Energy Improvement Program
  • Ontario invests $15.1 million to attract new skilled immigrants
  • Ontario investing $500 million to build 24 new schools
  • CIB and Johnson Controls announce $125 million agreement
  • Toronto and Edmonton given “Excellence in Sustainability Awards.”
  • ECO Canada conducts energy efficiency talent needs & gaps survey
Facebook Twitter Instagram LinkedIn
Plumbing & HVAC
  • Feature Articles
  • Digital Issues
  • News
  • Podcast
  • Events
  • Products
  • Subscribe
  • Advertise
Plumbing & HVAC
You are at:Home»News»Enercare buys Service Experts

Enercare buys Service Experts

0
By Plumbing & HVAC Staff on June 16, 2016 News

One of Canada’s largest service contractors just became a whole lot bigger. On May 11 Enercare Inc. – formerly Direct Energy – announced the acquisition of Service Experts, which has contractors across Canada and the U.S.

“Through Service Experts, we become a North American market leader in home services,” said John Macdonald, president and CEO of Enercare. “The acquisition, which is a natural extension to our business, creates an opportunity to drive growth and create shareholder value.” The purchase price was $340.75 million – U.S. dollars (about $440 million Canadian.)

Founded in 1996, Service Experts is a leading provider of HVAC service and repairs and related services to residential and commercial customers in 29 states in the United States and three provinces in Canada. Headquartered in Dallas, Texas, it has 90 locations, and approximately 2,800 employees. The move will dramatically increase Enercare’s representation in the West, with locations in Winnipeg, Calgary and Edmonton. It also has locations in Kingston and Ottawa, Ont.

Service Experts serves the following market segments:

  • residential HVAC service and replacement
  • ancillary residential home services, including plumbing, indoor air quality and energy audits
  • commercial HVAC service and replacement for both light commercial customers and national accounts
  • HVAC installation in commercial and residential new construction

Ninety-five percent of its revenue comes from service and replacement.
Canadian operations will continue to be run from Enercare’s Mississauga, Ont. head office, with U.S. headquarters remaining in Dallas, said McDonald.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleMCAC urges support for prompt payment legislation
Next Article Atlantic show well attended

Related Posts

Building permits in March declines 9.3 per cent to $11.7 billion.

Leduc, Alberta receives $4.1 million investment for its Clean Energy Improvement Program

Ontario invests $15.1 million to attract new skilled immigrants

Comments are closed.

TWITTER
Tweets by Plumbing_HVAC_
About
About

Plumbing & HVAC

Canada's largest and most qualified circulation to the mechanical trades.

Subscribe Now!

Recent Posts
June 24, 2022

Building permits in March declines 9.3 per cent to $11.7 billion.

June 23, 2022

Leduc, Alberta receives $4.1 million investment for its Clean Energy Improvement Program

June 23, 2022

Ontario invests $15.1 million to attract new skilled immigrants

Pages
  • Advertise
  • eNewsletter
  • Feature Articles
  • Get in Touch
  • News
  • Podcast
  • Products
  • Subscribe
Copyright © 2021 Plumbing & HVAC all rights reserved | Designed and Developed by Upnorthwebs

Type above and press Enter to search. Press Esc to cancel.