August 27, 2007 // Franchising.com // GREENCASTLE, IN and SARASOTA, FL, – Clockwork Home Services, Inc. (Clockwork) today announced its acquisition of Sutherlin, Inc. ("Sutherlin"), based in Greencastle, Indiana, and doing business as One Hour Air Conditioning & Heating by Joe Ellis. Clockwork's acquisition is effective as of June 1, 2007. The acquired company will continue to operate in its respective market under the One Hour Air Conditioning & Heating by Joe Ellis brand as fully-owned Clockwork retail unit.
Under 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 March 2004.
"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, Inc. Clockwork currently operates electrical, plumbing, heating and air conditioning franchises within its portfolio of home services franchises.
About One Hour Air Conditioning & Heating One Hour ranks # 1 as the nation's fastest-growing franchise according to Franchise Times® magazine's "Fast 55" list (2007) and ranks # 14 on Entrepreneur magazine's list of Top New Franchises (2007). A customer's time is the No. 1 priority for One Hour Air Conditioning & Heating. The franchise offers customers on-time service and replacement and repairs done right the first time with courtesy, convenience, cleanliness, competence and character. The company is owned by Clockwork Home Services, Inc., Sarasota, Florida. For more information about One Hour Air Conditioning & Heating franchising or to locate a franchise in your area, visit www.onehourair.com or call 800- 746-0458.
About Clockwork Home Services, Inc. Clockwork Home Services, Inc. is dedicated to improving the operations, efficiency, customer service and profitability of contractors in the home services industry in North America through affinity group membership and nationally branded franchises. Its companies include Mister Sparky® Electrical Franchising, Benjamin Franklin Plumbing® Franchising, Plumbers' Success International®, BuyMax®, Electricians' Success International®, AirTime 500™, One Hour Air Conditioning & Heating® Franchising, Roofers' Success International®, Success Academy®, AirTime Canada™ ULC, and company-owned One Hour operations in Nevada, Florida, Tennessee, Minnesota, Indiana, California, Ohio, South Carolina, Colorado and throughout Canada; company-owned Benjamin Franklin Plumbing® operations in Indiana, Tennessee, Minnesota, Ohio, California and Colorado; and company-owned Mister Sparky® operations in Colorado and Georgia. For more information, visit www.clockworkhomeservices.com.
Contacts: Caroline Langley, (212) 481-2826; cl@LeachCommunications.com
Clockwork Home Services PR Dept, (941) 366-9692
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