Vestar Capital Partners Makes Investment in Tech24 with HCI Equity Partners and Management
October 5, 2023
Vestar Capital Partners has joined Tech24 as a new investor alongside existing shareholder HCI Equity Partners and the company's management team in a sponsor recapitalization. The investment will fund Tech24's continued organic and acquisitive growth across new and existing geographies and end markets; Tech24 is a Greenville, South Carolina-headquartered leader in commercial foodservice equipment repair and preventive maintenance.
- Buyers
- Vestar Capital Partners, HCI Equity Partners, Tech24 management team
- Targets
- Tech24
- Industry
- HVAC & Mechanical
- Location
- South Carolina, United States
- Transaction Type
- Recapitalization
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