HomeServe's Growth Continues with Acquisition of FAB Electric

Norwalk, Connecticut – August 7, 2019 -- HomeServe USA (HomeServe), a leading provider of service plans, repair and installation services for the home, today announced the acquisition of FAB Electric. Based in Gaithersburg, Maryland, FAB Electric serves residential and commercial customers throughout Maryland, Northern Virginia, and Washington, D.C.

An established and successful electrical services company, the thirty-two-year-old FAB Electric bolsters HomeServe’s Metropolitan Washington, D.C. growth and strengthens our service infrastructure. The widely known and respected FAB Electric serves both residential and commercial customers in the area with a variety of services for home, business and property owners. 

“It goes without saying that electrical services are critical components of our daily lives. Being able to depend on a reliable provider for repairs, installation and maintenance of any kind is tremendously important to home and businessowners alike,” commented John Kitzie, CEO of HomeServe North America. “Jim Fabiszewski has worked to establish FAB Electric as a leading electrical services provider in the greater D.C. area since 1987. Having him and the FAB team as part of HomeServe allows us both to grow exponentially.”

“When I started FAB Electric in 1987, I viewed it as an opportunity to offer my customers unparalleled sales and service. For me, what we do goes beyond ‘keeping the lights on’, it’s a matter of pride and passion,” said Jim Fabiszewski, FAB Electric founder and General Manager of FAB Electric. “I’m glad to have the opportunity to take our company to the next level, doing it with the people who helped grow this company beside me, and with an exceptional company like HomeServe.”

HomeServe has been serving customers in the Washington, D.C. Metropolitan area since 2009, where the company currently serves 165,000 homeowners with over 320,000 repair service plans. 

FAB Electric joins CroppMetcalfe as HomeServe’s second D.C.-area acquisition of 2019. Leading HVAC and electrical businesses interested in exploring the opportunity to join HomeServe should contact Rob DiPietro, Senior Vice President, Energy Services and New Ventures at Rob.Dipietro@HomeServeUSA.com. For more information about HomeServe, visit www.HomeServe.com.

About HomeServe USA Corp.: 
HomeServe USA Corp. (HomeServe) is a leading provider of home repair solutions serving more than 4 million customers across the US and Canada under the HomeServe, Home Emergency Insurance Solutions, Service Line Warranties of America (SLWA) and Service Line Warranties of Canada (SLWC) names.
Since 2003, HomeServe has been protecting homeowners against the expense and inconvenience of water, sewer, electrical, HVAC and other home repair emergencies by providing affordable repair coverage, installations and quality local service.

As an A+ rated Better Business Bureau Accredited Business, HomeServe is dedicated to being a customer-focused company supplying best-in-class repair plans and other services to consumers directly and through over 700 leading municipal, utility and association partners.

HomeServe is a proud sponsor of This Old House on PBS, working together to provide homeowners expert advice on maintaining, enhancing and protecting their homes. For more information about HomeServe, a Connecticut Top Workplace winner and recipient of thirty-three 2019 Stevie Awards for Sales & Customer Service, or to learn more about HomeServe's affordable repair plans, please go to www.homeserve.com.

To connect with HomeServe on Facebook and Twitter, please visit www.facebook.com/homeserveusa and www.twitter.com/homeserveusa.