American Home Shield has completed its purchase of HSA Home Warranty. Terms were not disclosed.
The purchase was announced in early November and needed regulatory approval to finish the sale.
“This is an important development, not only for our two businesses but also for the entire home warranty industry,” said Mark Barry, president of American Home Shield, a business unit of ServiceMaster Co. LLC. “We are bringing together the power of these two great companies to grow the overall market by increasing awareness about the value that home warranties provide.
“We intend to leverage the power of each of these great brands to accelerate our pace of growth in strategic markets,” he added. “Like us, HSA Home Warranty is known for providing reliable, quality service to its customers, and for building strong relationships in the real estate community. This acquisition will allow each brand to build on its strengths, and at the same time, share best practices in a way that will allow us to more effectively reach – and serve – even more homeowners.”