Alinda's Reliance completes $505 mln buy of National Home Services

Reliance Comfort LP, a portfolio company of U.S. private equity firm Alinda Capital Partners, has closed its previously announced acquisition of National Energy Corp, which operates under the name National Home Services. The purchase price was $505 million. The seller in the transaction was Just Energy Group Inc (TSX, NYSE: JE). Reliance, a Toronto-based provider of heating, ventilation and air conditioning equipment, said the deal will help expand its product offering to new customers and strengthen services to existing customers. In July, the company sold Reliance Protectron Inc, a monitored security services business, to ADT Corp for $555 million.

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