Ropes & Gray advised TSG Consumer Partners and Oak Hill Capital in a significant minority investment in The Wrench Group, a leading provider of residential HVAC, plumbing, and electrical services. As part of the transaction, existing investor Leonard Green & Partners along with management will retain a majority interest in the company. Terms of the transaction were not disclosed. The announcement was made public on Nov. 9 in a press release.
Wrench Group, based in Atlanta, Georgia, serves over 1.7 million customers across 16 brands in 24 markets throughout the United States. TSG Consumer Partners is a leading private equity firm that partners with founders and management teams to build and accelerate growth for best-in-class consumer-facing businesses. Oak Hill is a longstanding private equity firm focused on the North America middle-market.
The Ropes & Gray team was led by private equity partner Dan Cowan and mergers & acquisitions partner Chris Comeau, and included tax partner Pamela Glazier, executive compensation & benefits partners Ellen Sueda and Renata Ferrari, employment partner Richard Kidd, real estate partner Peter Alpert, data, privacy & cybersecurity partner Fran Faircloth, strategic transactions partner Michael Littenberg, and asset management partner Deb Lussier.