Wrench Group
Backed by Leonard Green & Partners
History & Strategy
Wrench Group was formed as a home-services platform to consolidate HVAC, plumbing, and electrical companies across the United States. The company entered the Tampa Bay market in 2019 with the acquisition of Cool Today, followed by Easy A/C in 2020 and Red Cap Plumbing & Air in 2021.
Business Model
Wrench Group operates a multi-brand, multi-trade platform model. They acquire established local brands, retain their names and customer relationships, while centralizing back-office operations including call centers, marketing, procurement, and technology. They implement flat-rate pricing and membership/maintenance plan models across all brands.
PE Backer: Leonard Green & Partners
Leonard Green & Partners is a leading private equity firm based in Los Angeles with over $50 billion in assets under management. Known for investing in consumer and business services companies.
Operational Practices
Centralized call center operations, standardized flat-rate pricing, membership plan structures, centralized procurement for equipment and parts, shared marketing resources, and technician training programs.
Tampa Bay Portfolio
Timeline
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.
Wrench Group Acquires Easy A/C
Wrench Group strengthens its Tampa Bay presence by acquiring Easy A/C, founded in 2001. Easy A/C is subsequently merged with Cool Today, forming Easy CoolToday.
Wrench Group Acquires Red Cap Plumbing & Air
Wrench Group adds Red Cap Plumbing & Air to its Tampa Bay portfolio, giving the platform three major local brands in the region.