Greenberg Glusker Represents Service Champions North in Acquisition by Wrench Group LLCJuly 13, 2020 – Press Release
Greenberg Glusker represented On-Time Air Conditioning & Heating d/b/a Service Champions North (“Service Champions”) in its acquisition by the Wrench Group LLC (“Wrench”) on July 1, 2020. Wrench is a national leader in home repair, replacement, and maintenance services specializing in heating, ventilation, air conditioning, plumbing, water, and electrical services. Wrench is backed by Leonard Green Partners. Service Champions is a leading heating and air-conditioning company, with five locations in Northern California. The deal gives Wrench its first California location.
“Our culture is unique and special, and it’s been our competitive advantage for more than 17 years,” said Kevin Comerford, Owner and President, Service Champions North, in the company’s official news release. “I’m delighted to have found a partner whose core values align with ours. We’re excited about the tremendous growth we see in our future and the opportunities that growth will provide for our team members both personally and professionally,” Comerford added.
Greenberg Glusker served as M&A counsel led by the firm’s Corporate Partners, Andrew Apfelberg and Richard Sweet, and Corporate Associates, William Moodie and Brandon Jackson. Such team also represented Service Champions North in its acquisition of Temperature Perfection as well as Service Champions Heating & Air (Service Champions South) and Bell Brothers Heating & Air in their respective sale transactions as part of a roll-up strategy led by Center Oak Partners.
“Working with the Greenberg Glusker team has been a fantastic experience,” Comerford continued. “The thoughtful insights shared by Andrew on a professional level, as well as personal, were second to none. This team is so much more than attorneys, they are partners and I felt they had my back throughout the transaction. I would highly recommend them and would be happy to speak personally to anyone considering them. Special shout out to Rich Sweet and William Moodie; these guys are relentless when it came to protect me and my company.”