Nov. 15, 2011: Direct Energy to Acquire Home Warranty of America
TORONTO — Direct Energy, parent company of Clockwork Home Services, has reached an agreement to acquire Home Warranty of America (HWA), a leading supplier of whole home protection plans across the United States. With this addition to its Services business, Direct Energy said it will leverage the scale of the HWA business with its own expertise in operating a home protection plan business in Canada, to establish a premier energy and home services offering for residential customers in North America.
Headquartered in Buffalo Grove, Ill., HWA provides whole home warranty services to customers through a national network of real estate agents, insurance professionals, relocation companies, developers, title companies, bankers, home inspectors, and mortgage brokers. With the capability and licenses to operate in all 50 states, HWA offers a comprehensive service delivery network, enterprise software, and call center.