Clockwork
Home Services acquired Heating and Plumbing Consultants Inc., based in Webster,
Minn., and Woods Electric Inc., in Indianapolis.
The
acquired companies will continue to operate in their respective markets as
follows: Heating and Plumbing Consultants will now operate under the brand name
of O’Connor One Hour Air Conditioning
& Heating as a fully owned Clockwork retail unit. Woods Electric
Inc. will now operate under the brand name of Mister Sparky America’s On-Time Electrician-Indianapolis
as a fully owned Clockwork retail unit in the Indianapolis region.
Under
terms of the deal, Clockwork is assuming ownership, rights and use of both
companies’ assets, intellectual property, trucks, equipment and offices. Prior
owners and their employees have remained at each respective company as
Clockwork employees. Additional terms were not disclosed.
