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.
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