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February 06, 2016 4:50 PM ET

Specialty Retail

Company Overview of HomeServe USA Corp.

Company Overview

HomeServe USA Corp. provides emergency home repair service plans for homeowners to cover plumbing, electrical, and HVAC systems in North America. It offers plumbing services, such as exterior water service line, exterior sewer/septic line, exterior gas line, interior plumbing, and interior gas line; electrical services, which include exterior electrical wiring, interior electrical wiring, and interior telephone and low and voltage wiring line; and HVAC services that include heating system repair, cooling system repair, and water heater repair and/or replacement. The company partners with water, gas, and electrical utility companies, and water heating appliance manufacturers to offer services...

601 Merritt 7

6th Floor

Norwalk, CT 06851

United States

Founded in 2002

Phone:

203-356-4201

Fax:

945-845-2265

Key Executives for HomeServe USA Corp.

Chief Executive Officer
Age: 46
Chief Financial Officer
Chief Operating Officer
Chief Commercial Officer
Age: 45
Chief Business Development Officer
Compensation as of Fiscal Year 2015.

HomeServe USA Corp. Key Developments

HomeServe USA Appoints Rich Gannon as Chief Financial Officer

HomeServe USA announced the recent appointment of Rich Gannon as Chief Financial Officer. Gannon is responsible for leading the company’s finance function and overseeing accounting, M&A, financial planning & analysis, sourcing, tax and financial systems operations. For the past two years Gannon served as Chief Operating Officer for Consumer Reports and prior to that he was the company’s Chief Financial Officer for ten years.

HomeServe USA to Offer Emergency Repair Service Plans to Kentucky Power Customers

HomeServe USA announced the expansion of its agreement with American Electric Power (AEP) to include customers in AEP’s operating unit, Kentucky Power. The new program will begin with an offer for the Exterior Electric Line service plan to Kentucky Power residential customers. The Exterior Electric Line service plans offered through HomeServe provide homeowners protection against the expense and inconvenience of repairs to a home’s exterior electrical components that connect to the Kentucky Power electric system. This can include repairs to the weatherhead, riser pipe, insulators, meter base and service entrance cable. These repairs can be costly and are not typically covered by basic homeowners insurance. HomeServe plan holders will have access to a Repair Hotline that is accessible 24 hours a day, 365 days a year to bring local, licensed and insured electricians to their home for repairs. The plan costs $4.99 a month. HomeServe is already an established provider in Kentucky, serving 88,000 homeowners holding 157,000 service plans. Kentucky Power homeowners also will have access to other HomeServe service plans, including interior electrical lines, heating and cooling systems, and water heater repairs. Customers will be able to conveniently pay for these HomeServe service plans directly on their Kentucky Power utility bill.

HomeServe USA Announces Partnership with Merchantville-Pennsauken Water Commission

HomeServe USA announced the launch of its partnership with Merchantville-Pennsauken Water Commission (MPWC). Beginning this week, optional water service line repair plans are being offered through HomeServe to approximately 16,000 MPWC customers in this NJ suburban community bordering Philadelphia. Additional service plans covering sewer lines and in-home plumbing repairs will also be available. These affordable service plans available through HomeServe provide MPWC customers a better way to pay for and deal with the expense and inconvenience of home repair emergencies, starting with leaks on water service lines.

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