I think that after paying £57M that British Gas would say that they own Dynorod. That the individual services are staffed by Franchisees makes no difference to the ownership.
Here is some of the detail:_
"""Jim Zockoll, the former Pan Am pilot who founded Dyno-Rod in his spare time 41 years ago, finally sold the drain cleaning business to British Gas yesterday, little over a month after pulling the plug on a management buy-in.
Centrica, the utility that owns British Gas, paid £57.6m in cash for the business compared with the earlier offer of £57.5m, and an additional £3m in fees.
Mr Zockoll, who owns 85pc, will make £49m and his former airline colleagues who put money into the start-up will share the rest. Centrica said the acquisition would help develop its British Gas home service division.
Mr Zockoll grounded the management buy-in after broker Seymour Pierce failed to drum up sufficient investor interest and had to restructure the deal to raise the £57.5m that Mr Zockoll was demanding. The broker met all Mr Zockoll's terms a week after the initial deadline.
However, sources claimed that Centrica's first approach was made before the buy-in attempt was scrapped. Mr Zockoll is believed to have told the buy-in team that a supposedly higher offer had been made before pulling out.
It also emerged yesterday that British Gas, Dyno-Rod's largest customer - accounting for about a quarter of revenues - was negotiating a new two-year contract at the time, which might have influenced the fundraising. The contract expired in December. Mr Smith rejected the suggestion: "The contract was influential but it was a side issue. There was no gun being placed to our head by British Gas."
A Centrica spokesman added: "We had no desire to exit the contract. We were renegotiating, but it was just a matter of commercial terms."
Yesterday's deal will come as a blow to Kevin Mahoney, the architect of the buy-in and a former home services director at British Gas, whom he introduced to Dyno-Rod.
Centrica has about 7.2m home service contracts, offering gas and electricity customers everything from electrical care to plumbing and home security. It hopes to expand the division with Dyno-Rod's 160 franchises, which also provide locks, plumbing and pest control.
Separately, Centrica completed its disposal of the AA, the road services group, yesterday and said it would increase its planned 23p special dividend from the deal to 25p, returning an extra £60m to shareholders. Centrica shares rose 1 to 252p."""
Pan Am went bust about 25 years ago !
Tony