Centrica plc
Windsor, GB
Why it invests in the trades
UK-listed energy group whose North American arm Direct Energy bought Sarasota-based Clockwork Home Services in 2010 to pair home services with energy supply, then reversed course in 2019. Centrica Consumer chief executive Sarwjit Sambhi said the divestiture was 'aligned with our intention to drive channel and brand rationalization across the Group.'
Platforms in Tampa Bay (1)
Direct Energy
Local brands ultimately backed by Centrica plc (1)
Clockwork Home Services, Inc.
Deals
Notable exits — what happened next
How this investor has behaved when the clock ran out elsewhere.
- Clockwork, Inc. (2019) → Authority Brands. Sold the franchise home-services business for $300 million [source]
Frequently asked
What does Centrica plc own in Tampa Bay?
Clockwork Home Services, Inc., through Direct Energy.
Is Centrica plc a private-equity firm?
Centrica plc is classified as a public company.
How long will Centrica plc hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Verified — primary document
- Centrica plc (2010-06-10) — press release. Acquisition announcement
- Centrica plc (2010-07-01) — press release. Completion announcement
- PR Newswire (2019-05-01) — press release. Sambhi quote on the divestiture
Researcher notes: Listed as an investor record because it is the corporate parent that drove both sides of the Clockwork ownership story.
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