The Wrench Group Appoints Industry Veteran Ken Haines as Chief Executive Officer

The Wrench Group (" Wrench" or the "Company") today announced that Ken Haines has been picked to lead the Company and will presume the role of Chief Executive Officer reliable July 1, 2016. Mr. Haines was previously the President & CEO of Atlanta's Coolray Companies, one of Wrench's four local brand names. The Company will be located in Marietta, Georgia.

The Wrench Group provides necessary home repair and maintenance services, including heating, ventilation, a/c, plumbing and electrical services. The Company combines 4 local 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. Jointly serving over 140,000 customers, all four brand names have market-leading positions with a credibility for remarkable client service, an important element of Wrench's business model. Investcorp, a leading service provider and supervisor of alternative investment items, revealed a bulk investment in the Company in March 2016.

" I am enjoyed have the opportunity to lead the group and work along with the outstanding, existing leadership groups of the Wrench brand names. By leveraging our strong local brand name recognition, sharing finest practices and working collaboratively across the business, we are well-positioned to expand within our existing areas and enter into new appealing geographies as we substantially expand our scale," stated Haines. "We continue to look to enhance our industry leading natural development with tactical acquisitions of similar companies," Haines added.

Haines is a 36-year industry veteran, having actually spent the previous twenty years in a variety 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 biggest and most highly regarded home services companies in the Southeastern United States under Haines' leadership.

About The Wrench Group

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 jointly serves over 140,000 clients in the Houston, Dallas, Atlanta, and Phoenix metropolitan areas. Each of the Wrench Group's local operations have actually developed strong credibility in their particular areas with brands that date back to the 1960s.

 

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