Wrench Group precursor sold to Investcorp in March 2016

The combined Coolray/Parker & Sons/Abacus group was sold to New York PE firm Investcorp in March 2016; Haines was appointed CEO in July 2016, describing it as the beginning of private equity in the space.

“So we sold it to a PE firm called Invest Corp based in New York in March of 2016. And they appointed me CEO in July of 16.”

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