Cool Today
Overview
Cool Today is a full-service HVAC, plumbing, and electrical company serving the Tampa Bay area and Southwest Florida. Originally a family-owned Tampa institution, it now operates as part of the Wrench Group platform.
Ownership History
Founded in 1963 as a local Tampa HVAC company. Acquired by Wrench Group in April 2019, marking Wrench Group's entry into the Florida market. Wrench Group is backed by Leonard Green & Partners.
Deal Details
100% acquisition by Wrench Group in April 2019. The deal was part of Wrench Group's national expansion strategy to enter the Florida home-services market.
Operational Changes
Brand name retained as 'Cool Today.' Centralized call center operations introduced. Membership/maintenance plan offerings expanded. Flat-rate pricing model implemented across services. Easy A/C was later merged into Cool Today operations.
Market Impact
Cool Today's acquisition by Wrench Group marked the beginning of significant PE consolidation in the Tampa Bay HVAC market. The company became the anchor for Wrench Group's Florida operations.
Key Events
Wrench Group Acquires Cool Today
Wrench Group enters the Tampa Bay market with the acquisition of Cool Today, a family-owned HVAC company founded in 1963. This marks the beginning of major PE consolidation in the region.
Parent Platform
Wrench Group
Backed by Leonard Green & Partners