Direct Energy Deal for Clockwork to Create New Giant in Residential Services

Energy service provider Direct Energy, a subsidiary of U.K.-based energy company Centrica plc, has agreed to buy the assets and business of Clockwork Home Services, Sarasota, Fla., for $183 million. Clockwork, through a combination of directly owned and franchise-based units, including Mister Sparky electrician services, will combine with Direct Energy to form the largest provider in North America of home heating and cooling, plumbing and electrical services.

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