Retail Supplier Parent Closes Acquisition of HVAC, Water Heater Services Provider

ONEnergy Inc., the parent of Sunwave Gas & Power, has closed on its acquisition of The Home Comfort Group Inc., a provider of heating, ventilation and air conditioning products and solutions to homeowners in Ontario, Alberta and Manitoba, for total consideration of $3.2 million (all $ Canadian).

ONEnergy had said that the acquisition of Home Comfort Group (HCG) is expected to be "synergistic" with ONEnergy's Sunwave Gas & Power business, "with multiple cross-selling opportunities for both businesses."

"ONEnergy also expects the combined businesses will be well positioned to accelerate the launch of new products and services in Canada and the US, both in existing service territories as well as in new markets."

See prior story for more details on ONEnergy's acquisition strategy (click here)