Clockwork Home Services Acquires Mister Sparky; Deal Sets Stage For National Franchising of Electrical Home Services.ATLANTA & SARASOTA, Fla. -- Clockwork Home Services, Inc. (Clockwork) today announced its acquisition of Atlanta-based Mister Sparky spark·y adj. spark·i·er, spark·i·est Animated; lively. spark  i·ly adv. , Inc. With 2006 projected revenue of $10 million, Mister Sparky
is the largest residential electrical service Electrical service, in building wiring, refers to the wiring that connects the electric utility's cables in the street to the building. Specifically, electrical service is the wiring from the street, through the meter and up to the panelboard, but no farther. and repair company in the
eastern 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. and one of the biggest 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. .
Under terms of the deal, Clockwork is acquiring ownership, rights and uses of all Mister Sparky trademarks, the Mister Sparky name, clients, all other intellectual property and ownership of Mister Sparky's equipment, facilities and operations. Mister Sparky employs a staff of 68 professionals in the metropolitan Atlanta area. Patrick Kennedy
Patrick Kennedy (c. 1823 – November 22, 1858) was the father of Patrick Joseph Kennedy and great grandfather to former United States President John F. , founder and chief executive officer of Mister Sparky, Inc., will join Clockwork Home Services as vice president of Franchise Sales. Management of both companies has approved the transaction, which is effective as of June 9, 2006. Additional details of the transaction were not disclosed. "Clockwork's acquisition of Mister Sparky - one of the industry's leading and respected electrical residential services providers - gives Clockwork a strong foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. in the electrical services sector in the eastern US," 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. "This transaction also creates the opportunity for Clockwork to expand into the national franchising of electrical services, which will assure residential customers across the nation that they have a trusted recognizable brand that delivers on-time service, fair pricing and quality work conducted by ethical and highly skilled professionals." About Mister Sparky Mister Sparky is the largest residential electrical service and repair company, by revenue, in the eastern United States and one of the biggest in North America. Since its founding in 1996, the company has grown by almost 2,000 percent with forecasted revenue in 2006 of $10 million. Mister Sparky has served more than 40,000 customers in metropolitan Atlanta and operates more than 25 service trucks. In 2001 and 2003, Mister Sparky appeared in Inc. magazine's list of the 500 fastest-growing privately held U.S. companies. In 2002 and 2003, Mister Sparky earned a spot on the Atlanta Business Chronicle's list of "Atlanta's Fastest-Growing Companies" and received the "Consumers' Choice Award for Business Excellence." The company has an impeccable record for delivering fast, on-time service, accurate upfront pricing and an overall pleasant experience for customers. 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 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 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. , 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. |
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