Clockwork Home Services Expands Its Market Share in the Denver Area with Acquisition

SARASOTA, Fla. & DENVER--(BUSINESS WIRE)--Clockwork Home Services, Inc. (Clockwork), one of North America's fastest-growing operators of home services franchises, today announced that it has acquired Albracht/K&D Heating and Air Conditioning, Inc., effective June 1, 2008. This acquisition expands the reach of Clockwork's home services in the Denver area.

Albracht/K&D Heating & Air Conditioning, Inc., based in Loveland, Colorado, had 2007 revenue of $2.3 million. The company will now operate as a fully-owned unit of Clockwork under the brand name of One Hour Air Conditioning & Heating, and will be managed by George Donaldson, Clockwork's vice president of operations and the general manager of Candlelight Service Company in Denver, a Clockwork-owned company. Albracht/K&D's services will be integrated with Candlelight's to expand their collective customer service footprints in Denver, Loveland, and surrounding communities.

Under terms of the deal, Clockwork is assuming ownership, rights and use of the company's assets, intellectual property, trucks, equipment and offices. Prior management and employees will remain at the company as Clockwork employees. Additional terms were not disclosed.

"Clockwork remains focused on identifying and acquiring profitable, well-managed home services companies that meet our strict customer service standards and business best practices," said Jim Abrams, CEO, Clockwork Home Services, Inc. "Dan Albracht purchased his first One Hour franchise in 2003. Prior to joining the franchise, he was an active member of AirTime 500 – the Clockwork affinity group focused on helping heating and air conditioning independent contractors reach their high growth potential. Dan built a solid business in the Denver area which we are now pleased to welcome into the Clockwork family."

Clockwork currently operates electrical, plumbing, heating and air conditioning franchises within its portfolio of home services franchises.

About Clockwork Home Services

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® Franchising, Benjamin Franklin Plumbing® Franchising, One Hour Air Conditioning & Heating® Franchising, BuyMax®, Plumbers' Success International®, Electricians' Success International®, AirTime 500™, Roofers' Success International®, Success Academy®, AirTime Canada™ ULC, SuccessWare, Inc.® 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, Indiana and Georgia. In 2007, Clockwork was ranked #822 on Inc. magazine's Inc. 5,000® list of fastest-growing private companies in the United States. For more information, visit www.clockworkhomeservices.com.

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Arby's
Fast Crafted® Restaurant Brand Specializing in Freshly-Sliced, Deli-Inspired Meats & Sandwiches 
Jimmy John's Gourmet Sandwiches
One of the fastest growing franchises in the U.S., Jimmy John’s has been making fresh, fast, tasty sandwiches since 1983.
Liberty Tax Service
A leading income tax preparation franchise in the U.S. and Canada.
FIT36®
Start a fitness business with one of the best, manager-run franchise models in the industry. FIT36® delivers a proven business model backed by a...
The Brass Tap
Think of our brand as your neighborhood craft beer bar – only not your typical bar experience. We have optimized each of The Brass Tap’s...
Share This Page

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.