GREENCASTLE, Ind. - Clockwork Home Services Inc. has announced its acquisition of Sutherlin Inc., based in Greencastle, Ind., and doing business as One Hour Air Conditioning & Heating by Joe Ellis. The acquired company will continue to operate in its respective market under the One Hour Air Conditioning & Heating by Joe Ellis brand as a fully-owned Clockwork retail unit.
Under the terms of the deal, Clockwork is assuming ownership, rights,
and use of Sutherlin’s assets, intellectual property, trucks, equipment, and
offices. Sutherlin will continue to operate under its current management team.
Additional terms were not disclosed.
Sutherlin was founded in 1977 and became a One Hour franchise in
“Clockwork’s acquisition of Sutherlin is part of our growth
strategy to acquire leading providers of air conditioning and heating services
that have demonstrated their ability to serve the needs of residential
customers through the delivery of professional customer service, fair pricing,
and consistent, on-time performance - factors that continue to differentiate
Clockwork’s One Hour Air Conditioning & Heating brand in the retail
marketplace,” said Jim Abrams, CEO, Clockwork Home Services.
Clockwork currently operates electrical, plumbing, heating, and
air conditioning franchises within its portfolio of home services franchises.
For more information about One Hour Air Conditioning & Heating franchising,
visit www.onehourair.com or call 800-746-0458.
Clockwork Home Services Acquires Sutherlin
September 17, 2007