HouseMaster LLC, a U.S.-based home and building inspection franchise company, has agreed to acquire HouseMaster Canada, an affiliate of Toronto-based Greensaver Home Energy Services Inc. No financial terms were released. As a result of the transaction, all of the HouseMaster Canada franchisees will become part of HouseMaster, creating a single North American operation that can better meet franchise owner needs. Based in Ewing, New Jersey, HouseMaster has been a portfolio investment of U.S. private equity firm Sopra Capital since 2008.
HouseMaster LLC to Acquire HouseMaster Canada
EWING, NJ–(Marketwired – October 14, 2015) – HouseMaster LLC and Greensaver Home Energy Services Inc., (the HouseMaster Canada Master Franchisee), today announced that they have completed a transaction to create North America’s leading home inspection company. Pursuant to the acquisition agreement, all of the HouseMaster Canada franchisees will become part of HouseMaster LLC.
The combination will better position the company to provide necessary infrastructure to meet franchise owner needs as well as growing the home and property inspection customer base in all Canadian provinces.
“We believe that this change will provide better opportunities for future growth of the HouseMaster home inspections in Canada.” stated Vladan Veljovic, GreenSaver’s President & CEO. “With increased demand for GreenSaver’s energy audits and conservation programs, we will continue to work with HouseMaster in this field.”
“The acquisition of HouseMaster Canada will create a stronger front in North American home inspections,” said Kathleen Kuhn, President of HouseMaster LLC. “This combination will also advance our customer-centric business model by providing consistently excellent service in the US and Canada,” Kuhn added.
About HouseMaster LLC:
Headquartered in Ewing, N.J., HouseMaster is the oldest and one of the largest home inspection companies in North America. With more than 300 offices throughout the U.S., HouseMaster is the most respected name in home inspections. For over 35 years, HouseMaster has built upon a foundation of solid leadership and innovation with a continued focus on delivering the highest quality service experience to our customers and providing HouseMaster franchisees the tools and support necessary to do so. Each HouseMaster franchise is an independently owned and operated business. HouseMaster is a registered trademark of HouseMaster LLC. For more information please visit www.housemaster.com or call 800-526-3939.
With more than 25 years in residential energy efficiency, GreenSaver offers products and services to help homeowners save money on energy bills, enjoy healthier, more comfortable homes, while lowering their carbon footprint. GreenSaver was instrumental in the development of the predecessor to the current Canadian federal ecoEnergy audit and since then has conducted more than 46,000 home energy audits. GreenSaver is also an expert in the management and delivery of energy conservation programs for both utilities and government organizations. For more information please visit www.greensaver.org or call 1 855-526-3939.
Contact: Kathleen Kuhn
Photo courtesy of Shutterstock