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HomeServe to acquire Utility Service Partners

By BFN News | 07:33 AM | Thursday 31 March, 2016


HomeServe, the international home emergency business, has agreed to acquire Utility Services Partners Inc for $75m in cash on a 'debt free cash free' basis at completion, which is expected to occur within three to four months following certain ordinary course regulatory approvals. USP is a leading provider of home assistance service line repair contracts in the US and Canada through partnerships with a number of municipalities and utility companies. USP is also the only warranty company partner of the National League of Cities (NLC), an organisation dedicated to helping city leaders build better communities. NLC is a resource and advocate for 19,000 cities, towns and villages across the United States. Story provided by StockMarketWire.com

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