Is it safe to hire NexGen Air Conditioning & Plumbing?

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Parity › Who owns it › NexGen Air Conditioning & Plumbing

Reported as investor-owned · not yet independently confirmed

Who owns NexGen Air Conditioning & Plumbing?

Q: Is NexGen Air Conditioning & Plumbing family owned?

Parity's record says no, with a caveat. NexGen Air Conditioning & Plumbing is reported to have been acquired by Wrench Group, which is backed by Leonard Green & Partners / TSG Consumer Partners / Oak Hill Capital. The report comes from a third-party deal ledger, and Parity has not yet confirmed it against a primary source.

Q: Who owns NexGen Air Conditioning & Plumbing?

Wrench Group is the reported owner, backed by Leonard Green & Partners / TSG Consumer Partners / Oak Hill Capital. Reported acquisition: 2024-01-01. Parity has not yet confirmed this against a primary source.

The short answer

NexGen Air Conditioning & Plumbing is reported to have been acquired by Wrench Group, a private-equity rollup backed by Leonard Green & Partners / TSG Consumer Partners / Oak Hill Capital. The source is a third-party deal ledger; Parity has not yet confirmed it against a primary source.

Acquisitions: 2024-01-01 · 29 brands under this parent

Quick facts

Company: NexGen Air Conditioning & Plumbing
Trade: HVAC / Plumbing / Water
Based in: California
Reported owner: Wrench Group · their site
Backed by: Leonard Green & Partners / TSG Consumer Partners / Oak Hill Capital
Acquired: 2024-01-01
Ownership disclosed?: Not checked: we have no website on record for this company.

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 NexGen Air Conditioning & Plumbing

NexGen Air Conditioning & Plumbing provides HVAC / Plumbing / Water services in California. It still trades under its original local name and is reported to be 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

If the report is right, the name on the truck is not the owner. In investor-owned home-service groups, pricing books, the sales process and financing offers are commonly set centrally rather than by 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)
hvacrollups deal record: source (2024-01-01)
hvacrollups company profile: source (2026-09)

Other brands under Wrench Group

Buckeye Thomas & Galbraith Abacus Jarboe's Ragsdale Coolray Baker Brothers Berkeys CoolToday Plumbline Services Parker & Sons Comfort Wave

See all 29 Wrench Group brands →

Parity is an editorial publication. This entry rests on a third-party deal record that Parity has not yet confirmed against the owner’s own material; we make no claim about the quality of any individual technician. Represent NexGen Air Conditioning & Plumbing 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.