The Norwalk-headquartered provider of residential service plans, repair and installation services HomeServe USA has reportedly purchased Geisel Heating, Air Conditioning & Plumbing Inc. As per trusted sources, the Geisel takeover represents the firm’s latest step in apportioning a piece of the estimated USD 29 billion annual HVAC business space in the U.S.
Chief Executive Officer of HomeServe North America, John Kitzie was reportedly quoted stating that it is exciting to witness the firm continue to grow by collaborating with high-performing HVAC businesses. Geisel’s customers in the northern Ohio have continued to trust the company over the last 83 years owing to its shared commitment to high-quality customer service, which also makes it an ideal fit for HomeServe North America, Kitzie further added.
Reportedly, HomeServe claimed that the acquisition will assist the company to increase its customer access in the market with a full suite of installation, maintenance, and repair services. For the record, Elyria, Ohio-headquartered Geisel Heating, Air Conditioning & Plumbing, Inc. was established in 1935 and has been providing service and installation of HVAC equipment and plumbing systems for houses across the northern Ohio.
President of Geisel Heating, Air Conditioning & Plumbing, Inc., Andy Culberson reportedly commented that both the customers and associates of the company have a greater level of satisfaction as Geisel insists on consistent professionalism and has preserved customer-focused attitudes.
According to a press release, Geisel commenced sales of its patented gas-conversion burners from the basement of its original owner Claude Geisel. The company has won numerous accolades in recognition of its outstanding service to the community and for its leadership position in the mechanical contracting field.
For the uninitiated, HomeServe has been serving the residents of the greater Cleveland area since 2006. The company has reportedly catered to more than 158,000 homeowners with over 300,000 repair service plans, out of which only 41,000 were HVAC-related plans.
As per trusted sources, the terms of the deal are yet to be revealed.