Buckeye Ventures Inc. announced it has executed an agreement to acquire Energy King Inc., a Sacramento-based heating and cooling service company.

Founded in 1988 as I.T.E.S. Service Corp., Energy King is a heating and air-conditioning company specializing in complete energy-saving solutions for the residential market. The acquisition will increase Buckeye’s revenue stream, contributing an expected $6.5 million to annual revenues. It also increases Buckeye’s national scope of operations, augmenting the existing operation based in Boston.

“This acquisition was particularly attractive for several reasons,” said Alan Mintz, president and CEO of Buckeye. “First, the management team provides us with significant additional insight to the industry and performance enhancing tactics. Second, its customer base and location represent an attractive opportunity for growth and additional acquisitions in that area.”

Buckeye Ventures Inc., which trades over-the-counter as BEYV, was formed for the purpose of acquiring and operating businesses in the retail home services industry.