NAPERVILLE, Ill. , Feb. 5, 2024
/PRNewswire/ -- Oncourse Home Solutions (OHS), a leader in
providing trusted and affordable home warranty solutions, announced
today that its affiliate American Water Resources, LLC has
entered into a definitive agreement with Consumers Energy, a
subsidiary of CMS Energy (NYSE: CMS), whereby OHS will acquire the
Consumers Energy Appliance Service Plan (ASP) business. The
transaction is expected to close in the first half of 2024, subject
to customary closing conditions.
"We've made significant investments over the last two years to
propel our business forward, and this strategic move allows us to
seamlessly expand our presence and offerings to homeowners," said
Josh Cohen, CFO of Oncourse Home
Solutions. "Consumers Energy is known for its superior service and
quality, and the acquisition of its reputable ASP business will
help us with our long-term goals of increasing accessibility, value
and protection for customers to help make home ownership enjoyable
for all. This new relationship will strengthen our customer-first
approach and support our unwavering commitment to perfecting the
customer experience, which lies at the heart of our business."
The Appliance Service Plan business has served as the leading
provider of appliance protection and related services to homeowners
in Michigan for over 35 years. Its
comprehensive plans provide customers with coverage for repairs and
replacement, offering financial protection from unexpected
appliance breakdowns. With 24/7 access to representatives to
schedule service calls, and priority scheduling for heating and
cooling emergencies, the Appliance Service Plan team deploys
experienced local technicians to customers to fix issues
effectively and efficiently.
In addition to appliance protection, OHS offers complete
protection for outside the home, including water line, sewer line,
external gas line, external electric line, well line, and septic
line protection, as well as protection for inside the home through
its in-home plumbing emergency program, cooling and heating repair
programs, power surge protection program, hot water heater program
and interior electric protection program.
Upon closing, Consumers Energy and Oncourse Home Solutions will
continue their partnership, allowing customers to enjoy the
benefits of ASP appliance protection services, as well as have
greater access to a broad suite of the high-quality home protection
products offered by Oncourse Home Solutions.
"We now have an opportunistic ability to scale and add a
significant number of customers and new partner relationships that
are both complementary and advantageous to our organization," said
Cohen.
For more information on Oncourse Home Solutions, its offerings,
and updates, please visit: OncourseHome.com.
About Oncourse Home Solutions
Oncourse Home Solutions is a leading provider of home protection
solutions focused on protecting homeowners from unexpected costs
through flexible services for home repairs and maintenance. Through
its companies, Oncourse Home Solutions serves 1.5 million
homeowners across 43 states and Washington, D.C. With over three decades of
experience, Oncourse Home Solutions remains committed to
simplifying the hassles of home care and providing coverage that
simply works, giving homeowners peace of mind.
Visit OncourseHome.com for more information about
Oncourse Home Solutions.
Contact:
Marlo Gaal
312.504.0965
marlo.gaal@oncoursehome.com
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SOURCE Oncourse Home Solutions