Clockwork Home Services Acquires Dial One; Dial One Operations Being Integrated Into Clockwork's One Hour Subsidiary; Clockwork System Wide Sales Now Exceed $380 Million.SARASOTA, Fla. -- Clockwork Home Services, Inc. (Clockwork) today announced its acquisition of Indianapolis-based Dial One, one of the nation's leading service providers of high quality and reliable heating and cooling systems cooling systems for housed animals include spraying of roofs with water, evaporative pads with fans, foggers and misters; for pastured animals shelter from the sun by trees or artificial shade devices and cooling ponds are used. . Clockwork will integrate Dial One into its subsidiary franchise, One Hour Heating & Air Conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. (One Hour), which is among the nation's fastest growing home services franchises. As a result, Dial One will operate in central Indiana under the new name, Dial One Hour. Under terms of the deal, Clockwork is acquiring ownership, rights and uses of all Dial One trademarks, the Dial One name, and all other intellectual property and ownership of Dial One's facilities and operations in Indiana. Dial One currently has 189 employees. Management of both companies has approved the transaction. Additional details of the transaction were not disclosed. For 2006, Dial One had projected revenue of $28 million. With this acquisition, Clockwork's total system wide franchise and company-owned sales will exceed $380 million. "Clockwork's acquisition of Dial One -- one of the industry's most respected heating and cooling systems providers -- marks yet another important milestone in our company's history," said Jim Abrams, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Clockwork Home Services, Inc. "Dial One's reputation for quality, excellent customer service and fair pricing make it a natural fit with One Hour that continues to raise industry standards for on-time, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. delivered to customers in the heating and cooling services sectors." Locally owned and operated in central Indiana since 1908, Dial One is an industry leader in providing the highest quality and most reliable comfort systems. Dial One technicians are respected for their high quality and reliable services. With over 16,000 customers under service agreement, Dial One is the communities' choice for fast response and assured comfort. One Hour is among the fastest-growing HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free franchises in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In 2006, the company was ranked #24 on Entrepreneur Magazine's list of "Top New Franchises." One Hour is the first company to promise its customers: "Always On Time...Or You Don't Pay A Dime!(R)" One Hour delivers this promise through high professional standards, courteous service, fair and consistent pricing, a rigorous code of ethics Code of Ethics can refer to:
About Clockwork Home Services (Formerly VenVest, Inc.) Founded in 1998, Clockwork Home Services, Inc. establishes and builds nationally branded franchises for the home services contractor market. Clockwork is dedicated to improving the operations, efficiency, customer service and profitability of contractors in the home services industry in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. through affinity group A special interest group. This is a marketing term for a group of people with similar interests. membership and nationally branded services. Through the growth of its subsidiaries Benjamin Franklin Plumbing and One Hour Heating & Air Conditioning, Clockwork is building a portfolio of nationally branded companies to perform services in or around the home. As of May 2006, there were 108 Benjamin Franklin Plumbing franchisees (covering 174 territories). Visit www.clockworkhomeservices.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion