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  • 09-04-19

    Bahraini group given to U.S. equity firm

    (MENAFN) Bahrain's Investcorp is selling its U.S-based home maintenance and repair services provider The Wrench Group to private equity company Leonard Green & Partners.

    Wrench, when the agreement was sealed, consisted of four locally fun firms with market leading status in Atlanta, Dallas, Houston and Phoenix.

    Executive chairman Mohammed Alardhi stated "this transaction was the first acquisition after we announced our growth strategy in 2015."

    Alardhi added "we will continue to adopt this entrepreneurial spirit supported by a strong global institutional base across our multi-asset class offerings."

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