Sept. 18, 2013: Direct Energy to Acquire AWHR America's Water Heater Rentals
Deal Bolsters Company’s North American Home Energy Services Business
HOUSTON — Direct Energy, one of North America’s largest energy and energy-related services companies, has agreed to acquire AWHR America’s Water Heater Rentals L.L.C. from MWHR, a U.S. based investment entity, for $30 million in cash plus working capital.
Headquartered in Canonsburg, Pa., AWHR is one of the largest independent water heater rental businesses in the United States and provides rentals, as well as related repair and maintenance services, to 80,000 residential customers located principally in the Midwest, Northeast, and Florida. Direct Energy is a leading provider of water heater rental services in Ontario, Canada, where it currently has 1.1 million customers.