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Platform creation · Closed Mar 2023

Wrench Group formed in 2016 from four service businesses, PE-backed and recapped

Relationship map

Relationship map for Wrench Group formed in 2016 from four service businesses, PE-backed and recappedparent ofWrench Group: PlatformWrench GroupCoolray Heating & Cooling: Operating CompanyCoolray Heating & Coo…
Operating CompanyPlatform

Parties

Acquirer
Wrench Group
Platform
Target
Coolray Heating & Cooling
Operating Company

Market signals

Summary

Wrench Group began in 2016 as a partnership of four service businesses (including Haines' Coolray), was purchased by a private equity firm in 2016, sold again in 2019, and now has three private equity investors.