Direct Energy to Acquire Water Heater Rental and Protection Plan Business
Purchase gives company about 14,000 new home services customers in Massachusetts and New Hampshire
SARASOTA, Fla. — Direct Energy®, one of North America’s leading energy, commercial retail energy, and energy-related services providers, announced it has entered into an agreement to acquire all the assets of an appliance rental company based in the northeast United States for $4.5 million.
This purchase gives Direct Energy approximately 14,000 new home services customers in Massachusetts and New Hampshire, who rent water heaters, have protection plans, or rent their HVAC equipment. Direct Energy said this acquisition fits well into its portfolio as one of North America’s largest providers of HVAC, plumbing, and electrical home services. Direct Energy also operates a full service rental company specializing in the rental of water heaters, offers protection plans through the Home Comfort Collection™, and also offers HVAC leasing through the brand One Hour Heating & Air Conditioning®.