Wrench Group at a glance
Who owns Wrench Group
Investcorp made a majority investment in March 2016, buying from Alpine Investors, Skylight Capital and management. Leonard Green & Partners invested around 2019. In November 2022 TSG Consumer Partners and Oak Hill made a significant minority investment, with Leonard Green and management keeping a majority.
Trades, footprint and model
Trades: HVAC, plumbing, electrical, water treatment (residential)
Footprint: 24 brands in 26 markets across 15 states, 7,400+ team members and 5,500+ service vehicles, per its website (September 2026).
Model: Wrench acquires local residential service companies and says it preserves each brand and local identity while adding shared systems.
Dated timeline
| Date | Event | Source |
|---|---|---|
| 2016-03-03 | Investcorp majority investment (about $150M 2015 revenue, four metros) | |
| 2022-11-09 | TSG Consumer Partners and Oak Hill minority investment; Leonard Green keeps majority |
What they say they look for
Its partnership page emphasizes keeping the seller’s brand and local identity and offers a partnerships contact; no size thresholds are published there.
Questions to ask if Wrench Group approaches you
- Platform or add-on?
It sets the multiple range. Ask directly which one you would be.
- Cash at close vs rollover vs earn-out
Get the split in dollars. Ask how rollover equity is valued and when it can be sold. See rollover equity.
- Your role and for how long
Employment term, non-compete length and territory, and what happens if you leave early.
- What happens to your brand, people and customers
Get commitments on staff pay, benefits and brand in writing if they matter to you.
- Sponsor timeline
When did the current owner invest, and when do they expect to sell? It affects your rollover payout.
Comparable acquirers
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Frequently asked questions
Who owns Wrench Group?
Investcorp made a majority investment in March 2016, buying from Alpine Investors, Skylight Capital and management. Leonard Green & Partners invested around 2019. In November 2022 TSG Consumer Partners and Oak Hill made a significant minority investment, with Leonard Green and management keeping a majority.
Is TradeExit Guide affiliated with Wrench Group?
No. We have no relationship with any acquirer and take no fees from buyers or sellers.
Sources
- Wrench Group - Investcorp majority investment (about $150M 2015 revenue, four metros) (accessed 2026-09-23)
- Wrench Group - TSG Consumer Partners and Oak Hill minority investment; Leonard Green (accessed 2026-09-23)