M&A Deal Summary

HomeServe USA Acquires FAB Electric

On August 7, 2019, HomeServe USA acquired consumer services company FAB Electric

Acquisition Highlights
  • This is HomeServe USA’s 1st transaction in the Consumer Services sector.
  • This is HomeServe USA’s 1st transaction in the United States.
  • This is HomeServe USA’s 1st transaction in Maryland.

M&A Deal Summary

Date 2019-08-07
Target FAB Electric
Sector Consumer Services
Buyer(s) HomeServe USA
Deal Type Add-on Acquisition

Target

FAB Electric

Gaithersburg, Maryland, United States
FAB Electric provides a full range of electrical services to residential and commercial customers, located throughout Maryland, Northern Virginia, and Washington, D.C. FAB Electric was founded in 1987 and is based in Gaithersburg, Maryland.

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Buyer(S) 1

Buyer

HomeServe USA

Norwalk, Connecticut, United States

Category Company
Founded 2002
Sector Business Services
Employees700
DESCRIPTION

HomeServe USA is a provider of home repair solutions serving more than 4 million customers across the US and Canada under the HomeServe, Home Emergency Insurance Solutions, Service Line Warranties of America (SLWA) and Service Line Warranties of Canada (SLWC) names. HomeServe USA was founded in 2002 and is based in Norwalk, Connecticut.


DEAL STATS #
Overall 1 of 15
Sector: Consumer Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 13
State: Maryland M&A 1 of 3
Country: United States M&A 1 of 15
Year: 2019 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 Fred’s Home Services

Euclid, Ohio, United States

Fred’s Home Services provides plumbing, heating and cooling services in the Cleveland area that help to regulate conditions within your home or business and ensure your comfort all year long. Fred’s Home Services was founded in 1982 and is based in Euclid, Ohio.

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