Is Coolray family owned?

No. Coolray is owned by Wrench Group, a private-equity-backed home services rollup (Leonard Green & Partners / TSG Consumer Partners / Oak Hill Capital). The local name was kept after acquisition.

Is it safe to hire Coolray?

Ownership doesn't determine the quality of the technician. It does determine the sales process. Get a written quote, decline same-day pressure, and compare with a verified independent.

Parity › Who owns it › Coolray

Logo from its own website

On the record · owner not named on its home or about page

Who owns Coolray?

Q: Who owns Coolray?

Wrench Group, backed by Leonard Green & Partners / TSG Consumer Partners / Oak Hill Capital. Acquisitions: 2016.

The short answer

Coolray is owned by Wrench Group, a private-equity rollup backed by Leonard Green & Partners / TSG Consumer Partners / Oak Hill Capital. It is not an independent local business.

Acquisitions: 2016 · 29 brands under this parent

Quick facts

Company: Coolray
Trade: HVAC
Based in: Atlanta GA & Nashville TN · All investor-owned companies in Georgia → Also: Marietta, GA · Suwanee, GA · Newnan, GA
Owned by: Wrench Group · their site
Backed by: Leonard Green & Partners / TSG Consumer Partners / Oak Hill Capital
Acquired: 2016
Ownership disclosed?: No: we found no mention of Wrench Group on the company’s home or about pages when we checked on 2026-09-14.

What Wrench Group says

“Every brand has earned community trust. We protect that — it's not ours to change.”

wrenchgroup.com/our-story 2026

What the record shows

Private-equity home-services platform formed by Investcorp in 2016 from Coolray (Atlanta), Berkeys (Dallas), Abacus (Houston) and Parker & Sons (Phoenix). Sold to Leonard Green & Partners in April 2019; TSG Consumer Partners and Oak Hill Capital bought in during 2022. Now 24 brands in 26 markets across 15 states, 5,500 trucks, 7,400 employees, 2.5M customers a year. Every brand keeps its original local name. The About pages of Coolray and Parker & Sons do not mention Wrench Group, Leonard Green, or any parent.

About Coolray

Coolray provides HVAC services in Atlanta GA & Nashville TN. It operates under its original local name and is owned by Wrench Group, a private-equity-backed home-services group (Leonard Green & Partners / TSG Consumer Partners / Oak Hill Capital).

What this means before you call

The name on the truck is not the owner. In investor-owned home-service groups, the price book, the sales process and the financing offers are usually set centrally, not at the local office. What to check before you sign →

Sources

Investcorp announces sale of The Wrench Group to Leonard Green: source (2019-04-08)
TSG Consumer Partners & Oak Hill partner with Leonard Green: source (2022)
Wrench Group brand list (24 brands): source (2026-09)
Wrench Group Our Story: source (2026-09)
Coolray About Us (no parent disclosed): source (2026-09)
Parker & Sons About Us (no parent disclosed): source (2026-09)
Coolray $150M partnership with Wrench Group/Investcorp: source (2016)
hvacrollups deal record: source (2023-03-21)
Its own website shows this logo: source (2026-10-15)
Its own site lists 3 offices, also in Marietta, GA, Suwanee, GA, Newnan, GA: source (2026-10-26)

Other brands under Wrench Group

Buckeye Thomas & Galbraith Abacus Jarboe's Ragsdale Baker Brothers Berkeys CoolToday Plumbline Services NexGen Air Conditioning & Plumbing Parker & Sons Comfort Wave

See all 29 Wrench Group brands →

Parity is an editorial publication. Ownership facts are sourced from public filings and company-published material; we make no claim about the quality of any individual technician. Represent Coolray or Wrench Group? Verify or contest this page · How we check · Corrections policy. Page generated 2026-10-26 from Parity’s records · parent record verified September 2026.