MARIETTA, GA, June 27, 2016– The Wrench Group (“Wrench” or the “Company”) today announced that Ken Haines has been selected to lead the Company and will assume the role of Chief Executive Officer effective July 1, 2016. Mr. Haines was formerly the President & CEO of Atlanta’s Coolray Companies, one of Wrench’s four regional brands. The Company will be headquartered in Marietta, Georgia.
The Wrench Group provides essential home maintenance and repair services, including heating, ventilation, air conditioning, plumbing and electrical services. The Company brings together four regional brands; Abacus and Berkeys in Dallas and Houston led by Alan O’Neil; Parker & Sons in Phoenix led by Paul Kelly; and Coolray in Atlanta will now be led by Paul Smith. Collectively serving over 140,000 customers, all four brands have market-leading positions with a reputation for exceptional customer service, a critical element of Wrench’s business model. Investcorp, a leading provider and manager of alternative investment products, announced a majority investment in the Company in March 2016.
“I am thrilled to have the opportunity to lead the group and work alongside the excellent, existing leadership teams of the Wrench brands. By leveraging our strong local brand recognition, sharing best practices and working collaboratively across the business, we are well-positioned to expand within our current regions and enter into new attractive geographies as we significantly expand our scale,” said Haines. “We continue to look to augment our industry leading organic growth with strategic acquisitions of like-minded organizations” Haines added.
Haines is a 36-year industry veteran, having spent the past twenty years in a number of leadership roles, most recently as President and CEO of Coolray in Atlanta. Coolray, an HVAC, plumbing, home automation and related services company, grew to one of the largest and most respected home services companies in the Southeastern United States under Haines’ leadership.
The Wrench Group is a national leader in home maintenance and repair services specializing in heating, ventilation and air conditioning, plumbing, and electrical services. The Company collectively serves over 140,000 customers in the Houston, Dallas, Atlanta, and Phoenix metropolitan areas. Each of the Wrench Group’s local operations have developed strong reputations in their respective regions with brands that date back to the 1960s. For more information, visit www.wrenchgroup.com.
Media Contacts: FTI Consulting
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