private equityreported
TSG Consumer Partners
San Francisco, CA · ~$1-10B AUM
In one paragraph. TSG Consumer Partners is a private equity based in San Francisco, CA managing roughly $1-10B in assets. In Tampa Bay its capital sits behind Wrench Group, which together control 3 local brands.
Why it invests in the trades
Consumer-brand investor that treats residential home services as a branded-consumer category; co-invested in Wrench Group in November 2022 alongside Oak Hill and Leonard Green.
Platforms in Tampa Bay (1)
Wrench Group
Sarasota, FL · formed 2016 · 3 local brands
Local brands ultimately backed by TSG Consumer Partners (3)
Red Cap Plumbing & Air
Owned by Wrench Group · backed by Leonard Green & Partners
CoolToday (N&M Cooling and Heating, Inc.)
Owned by Wrench Group · backed by Leonard Green & Partners
Easy A/C
Owned by Wrench Group · backed by Leonard Green & Partners
Brand retired after sale
Deals
- Acquisition Red Cap Plumbing & Air → Wrench Group (backed by Leonard Green & Partners) · 105 employees
Frequently asked
What does TSG Consumer Partners own in Tampa Bay?
Red Cap Plumbing & Air, CoolToday (N&M Cooling and Heating, Inc.), Easy A/C, through Wrench Group.
Is TSG Consumer Partners a private-equity firm?
Yes.
How long will TSG Consumer Partners hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Reported — credible press
- TSG Consumer Partners (2022-11-09) — press release. Wrench Group co-investment
- TSG Consumer Partners — press release. Wrench Group portfolio page
Researcher notes: HQ and AUM band not confirmed by fetched sources.
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