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Exelon Corporation : BGE HOME Acquires Van Sant, Inc. and VSI Commercial, Inc.

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04/23/2012 | 09:20pm CET

Addition of Mt. Airy-based plumbing and HVAC companies will grow BGE HOME's customer base and expand sales opportunities

BGE HOME, one of the premier home services companies in Maryland, today announced that it has acquired the residential and commercial plumbing and HVAC business assets of Van Sant, Inc. and VSI Commercial, Inc., both based in Mt. Airy, Maryland.

The purchase will allow BGE HOME to continue the extension of its residential service territory into Frederick, Howard and Montgomery counties. In addition, Van Sant's commercial operations will enhance BGE HOME's commercial team (Constellation Building Systems). BGE HOME's recently opened Burtonsville office currently serves residential customers in Montgomery and Prince George's counties.

"Van Sant's services complement ours and provide an opportunity to better serve customers in western and central Maryland, as well as differentiate our electricity and natural gas offerings," said Kevin Klages, president and CEO of BGE HOME. "We are looking forward to integrating the businesses into BGE HOME and working to expand our geographic footprint, while continuing our focus on delivery of the ultimate customer experience."

Known in the region for its strong foundation in customer service, Van Sant brings nearly seven decades of plumbing and HVAC experience to BGE HOME's portfolio of services.

"We are proud of the reputation we've built over the years," said Larry Van Sant, president, Van Sant, Inc. "This agreement is a testament to the hard work of our employees as well as our commitment to customer satisfaction. We are looking forward to being a part of BGE HOME."

BGE HOME, a subsidiary of Constellation Energy which is a business unit Exelon, is based in White Marsh, Maryland. The company provides heating, air conditioning, plumbing, and electrical sales and service. Product and service offerings also include appliance repairs, window and door replacements, and electricity and natural gas sales. BGE HOME serves residential and business customers throughout Maryland. BGE HOME is not the same company as BGE, a regulated utility.

About Exelon

Exelon Corporation (NYSE:EXC) is the nation's leading competitive energy provider, with approximately $33 billion in annual revenues. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is the largest competitive U.S. power generator, with approximately 35,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. The company's Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon's utilities deliver electricity and natural gas to approximately 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO). Learn more at: www.exeloncorp.com.

BGE HOME
Media Contact:
Christina Pratt, 410-470-9700


© Business Wire 2012
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Financials ($)
Sales 2016 30 282 M
EBIT 2016 4 942 M
Net income 2016 2 450 M
Debt 2016 34 916 M
Yield 2016 3,79%
P/E ratio 2016 14,09
P/E ratio 2017 12,99
EV / Sales 2016 2,17x
EV / Sales 2017 2,07x
Capitalization 30 763 M
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