Two major business deals affecting Marietta were announced this week. Coolray will be bringing its headquarters to Marietta and Lockheed Martin Aeronautics has sold several buildings and land from its Marietta location to Georgia Tech.

The Wrench Group, whose home maintenance and repair service brands include Coolray, is bringing its corporate headquarters to Marietta, according to an article by the Marietta Patch.

“The company also announced that Ken Haines has been hired as CEO. Haines was formerly president & CEO of Atlanta’s Coolray Companies, one of Wrench’s four regional brands,” the article reads. “The Wrench Group essential home maintenance and repair services, including heating, ventilation, air conditioning, plumbing and electrical services. The company brings together four regional brands; Abacus and Berkeys in Dallas and Houston; Parker & Sons in Phoenix; and Coolray in Atlanta, which will now be led by Paul Smith.”

Coolray is an HVAC, plumbing, home automation and related services company that is one of the largest home service companies located in the southeast.

In other business news, Lockheed Martin Aeronautics announced Monday it has sold four buildings and 52 acres of its campus in Marietta to Georgia Tech, a deal which could bring up to 500 jobs to Cobb, according to the Marietta Daily Journal.

“The portion of the Lockheed facility being sold previously housed the offices and operations of its F-22 Raptor program, which has been vacant since the jet’s production ceased in 2013,” a news release states.

Georgia Tech will reportedly use the new space to conduct research.

“Lockheed Martin and Georgia Tech have worked together in numerous areas over the years,” Georgia Tech President G.P. “Bud” Peterson said according to the MDJ. “This is another area in which our collaboration will prove to be mutually beneficial as we both look to serve our nation with our respective capabilities.”

Call Waggoner Insurance Today at 770-434-4000