Is Red Cap family owned?

No. Red Cap 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 Red Cap?

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 › Red Cap

Logo from its own website

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

Who owns Red Cap?

Q: Who owns Red Cap?

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

The short answer

Red Cap 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.

Quick facts

Company: Red Cap
Trade: HVAC / Plumbing
Based in: Tampa FL · All investor-owned companies in Florida → Also: Tampa, FL
Owned by: Wrench Group · their site
Backed by: Leonard Green & Partners / TSG Consumer Partners / Oak Hill Capital
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 Red Cap

Red Cap provides HVAC / Plumbing services in Tampa FL. 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, 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)
Its own website shows this logo: source (2026-10-15)
Its own site lists 1 offices, also in Tampa, FL: source (2026-10-26)

Other brands under Wrench Group

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

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 Red Cap 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.