HomeServe buys heating firm
Home repairs and improvements company HomeServe has bought a heating firm in Hampshire.
Aqua Plumbing and Heating Ltd is its first acquisition of 2021, with more planned to follow
The deal secures the future of the 28-year-old Lymington-based boiler installer and its 15-strong team, as HomeServe aims to grow its share of the £3 billion domestic gas boiler market.
Walsall-based HomeServe UK says the company will continue to run as it does now, led by company founder and director Sean Ward who will now report to HomeServe’s managing director of installations and repairs Richard Shepherd.
“The acquisition provides some amazing opportunities for myself and the team at Aqua Plumbing and Heating,” said Mr Ward.
“We’ve grown from a one-man operation in 1993 to a 15-strong team that is recognised as one of the region’s brightest and best heating companies and boiler installers.
“Despite some of the challenges Covid threw our way in 2020, it’s exciting to be starting 2021 with blue chip Plc backing and financial support so we have long-term stability and can continue to grow our reach across the southern region.”
The buy out of Aqua Plumbing and Heating is part of a national acquisition drive by HomeServe as it sets out to expand its footprint and market share of the heating and boiler installation market, led by Mr Shepherd.
“We’re delighted to welcome Sean and the team to the HomeServe family. We’re keen to engage with and speak to local businesses like Aqua who have their own well-established brands, regional knowledge, and ways of doing business because we value companies that value their Customers as we do.
“It’s a win-win for us all, so we’re delighted to give Sean and the team the extra security and stability they were looking for. The team’s skills and abilities also complement the heating business we already have at HomeServe, so we’re excited to be working and growing together.," said Mr Shepherd.
