Tech24 (HCI Equity Partners-backed) Acquires TEMCO, Inc.

HCI Equity Partners Acquires Tech24

June 1, 2020

Industrial Services

HCI Equity Partners acquired Tech24, a national provider of installation, preventative maintenance and emergency repair services for foodservice and HVAC equipment, in June 2020. HCI plans to use Tech24 as a platform to pursue add-on acquisitions to build scale, geographic density and expanded service capabilities across the U.S.

Tech24 Acquires TEK Express

October 12, 2022

HVAC & Mechanical

Tech24, backed by HCI Equity Partners, acquired TEK Express on October 7, 2022 as its fourteenth add-on acquisition. The deal expands Tech24's repair and maintenance footprint in the New York City market; financial terms were not disclosed.

Tech24 Acquires Total Mechanical Repair Services

May 31, 2023

HVAC & Mechanical

Tech24, a national foodservice and commercial HVAC repair platform backed by HCI Equity Partners, acquired Total Mechanical Repair Services (TMR) on May 24, 2023 as its sixteenth add-on. The acquisition expands Tech24’s service footprint in Southern Mississippi and provides access to adjacent Louisiana markets; financial terms were not disclosed.

Tech24 (HCI Equity Partners) Acquires Alliance Mechanical Services, Inc.

March 1, 2021

HVAC & Mechanical

Tech24, a national foodservice and HVAC equipment service platform backed by HCI Equity Partners, acquired Alliance Mechanical Services, Inc., a Chicago-area provider of commercial HVAC, refrigeration and foodservice equipment services. The add-on expands Tech24's cold-side capabilities and market share in the Chicago area and brings new blue-chip customers to the platform.

Tech24 (HCI Equity Partners-backed) Acquires Commercial Kitchens, Inc.

November 8, 2021

HVAC & Mechanical

Tech24, a national provider of foodservice equipment repair backed by HCI Equity Partners, acquired Commercial Kitchens, Inc., a founder-owned commercial kitchen repair and preventative maintenance provider based in Milford, Connecticut, on November 3, 2021. The add-on expands the Tech24 platform's presence in the Tri-state area and strengthens its capability to serve institutional customers in healthcare, education and other contract markets.

Vestar Capital Partners Makes Investment in Tech24 with HCI Equity Partners and Management

October 5, 2023

HVAC & Mechanical

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.