HomeServe - M&A Summary and Business Overview

Consumer ServicesCompany

HomeServe M&A Summary

HomeServe has acquired 21 companies, including 5 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

HomeServe’s largest acquisition to date was in 2021, when it acquired CET Group - Specialist Claims Management Division for $82M. It’s largest disclosed sale occurred in 2005, when it sold Doorman Services to ASSA ABLOY AB for $10M. HomeServe has acquired in 5 different US states, and 5 countries. The Company’s most targeted sectors include business services (62%) and consumer services (20%).

HomeServe Business Overview

Where is HomeServe headquartered?

HomeServe is headquartered in Walsall, United Kingdom.

What is HomeServe’s revenue?

HomeServe disclosed revenue of 1,305M GBP for 2021 and 1,132M GBP for 2020.

How many employees does HomeServe have?

HomeServe has 7,400 employees.

What sector is HomeServe in?

HomeServe is a consumer services company.

When was HomeServe founded?

HomeServe was founded in 1991.

M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity21
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 10
  • M&A Advisors 1

HomeServe

HomeServe plc

Cable Drive,
Walsall, WS2 7BN
United Kingdom,
+44 1922 426 262
www.homeserveplc.com

HomeServe is a home assistance company providing plumbing, drainage, electrics and heating maintenance and repair services through its own network of directly employed and sub-contracting specialist engineers. HomeServe was founded in 1991 and is based in Walsall, the United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 19 - 2 - - - 21
vol $162M $82M $243M
Sell (0.0/yr) # 3 - - - - - 3
vol $16M $16M
  24

Most Recent M&A

Company Date Value Type
CET Group - Specialist Claims Management Division 2021-10-27 82M GBP Divestiture
Donington, United Kingdom
Mark Allen Plumbing, Heating And Cooling 2021-04-21 - Add-on Acquisition
Bethel Park, Pennsylvania · www.markallenplumbing.com
ServLine 2019-12-02 - Add-on Acquisition
Chattanooga, Tennessee · www.servline.com
eLocal USA LLC 2019-11-19 - Add-on Acquisition
Conshohocken, Pennsylvania · www.elocal.com
CroppMetcalfe, Inc. 2019-03-13 - Add-on Acquisition
Fairfax, Virginia · www.croppmetcalfe.com
Geisel Heating, Air Conditioning & Plumbing, Inc. 2018-12-12 - Add-on Acquisition
Elyria, Ohio · www.gogeisel.com
Gregg Mechanical Corp. 2018-07-09 - Add-on Acquisition
Staten Island, New York · www.greggmechanical.com
AA plc - Home Emergency Business 2017-11-29 - Divestiture
Basingstoke, United Kingdom
Help-Link UK Ltd. 2017-08-01 8M GBP Add-on Acquisition
Leeds, United Kingdom · www.help-link.co.uk
Help-Link Ltd. 2017-08-01 35M GBP Add-on Acquisition
Leeds, United Kingdom · www.help-link.co.uk
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
HomeServe USA Corp.    - UGI HVAC Enterprises, Inc. - HVAC Operations 2020-10-01 14
Norwalk, Connecticut · www.homeserve.com Wyomissing, Pennsylvania

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 13 (62%) 243M (100%) - -
Consumer Services 4 (19%) - - -
Internet Software and Services 2 (10%) - - -
Insurance 1 (5%) - - -
Marketing 1 (5%) - - -
Building Materials - - 1 (33%) 10M (62%)
Environmental - - 1 (33%) 6M (38%)
Safety/Security - - 1 (33%) -
Total 21 $243M 3 $16M

By Geo

State/Country Buy Value Sell Value
United Kingdom 10 233M 3 16M
United States 7 - - -
  Pennsylvania 3 - - -
  Virginia 1 - - -
  Tennessee 1 - - -
  Ohio 1 - - -
  New York 1 - - -
Spain 2 - - -
France 1 - - -
Russia 1 10M - -
Domestic 10 (48%) 233M (96%) 3 (100%) 16M (100%)
Cross-border 11 (52%) 10M (4%) - -
Total 21 $243M 3 $16M

Top M&A Advisors

Legal Deals
Browne Jacobson
1

Deal Values

buy # Total
< $100M 8 $243M
TOTAL $243M
Largest CET Group - Specialist Claims Management Division
$82M (2021-10-27)
sell # Total
< $100M 2 $16M
TOTAL $16M
Largest Doorman Services Ltd.
$10M (2005-02-01)

M&A Connections

Deals
Acquired from
Investor(s)
10%
2 (10%)
Strategic(s)
14%
3 (14%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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