HomeServe plc

HomeServe plc, based in the UK, provides essential home assistance services designed to help homeowners manage repairs and improvements effectively, ensuring a seamless experience during emergencies. HomeServe plc is a leading provider of home assistance services. Founded in 1993, the company is headquartered in London, UK. In May 2022, it was agreed that Brookfield Asset Management would fully acquire HomeServe plc for GBP 4.

08 billion in cash in a Public to Private transaction. The company was founded by Richard Harpin, who has a history of entrepreneurship in the service industry. HomeServe specializes in home assistance services, offering a comprehensive suite of products that help homeowners manage repairs and improvements. Their core offerings include home emergency cover, appliance warranties, and plumbing and heating services, addressing common issues such as boiler breakdowns and electrical failures.

They operate in multiple markets including the United Kingdom, France, Belgium, Spain, Portugal, Germany, and Japan, catering to both individual homeowners and property management firms. In the most recent fiscal year of 2022, HomeServe reported revenue of GBP 412,827,688 and achieved an EBITDA of GBP 119,533,460, primarily through subscription-based services and partnerships with local tradespeople. Following the acquisition by Brookfield Asset Management in May 2022, HomeServe plc plans to utilize the funding to expand globally, focusing on reducing carbon emissions and enhancing energy efficiency. The company aims to launch new products designed for sustainability and plans to enter additional markets in Europe and Asia by 2024.