HCI-Backed Tech24 Acquires Facilities Management (Peltz Services)

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

July 25, 2022

HVAC & Mechanical

Tech24, a national provider of foodservice and commercial HVAC repair services backed by HCI Equity Partners, acquired TEMCO, Inc. on July 20, 2022. The add-on expands Tech24's footprint into the Southeastern U.S. (Jackson, Mississippi and the Gulf Coast), adding local talent and deeper exposure to foodservice and commercial HVAC customers.

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.

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.

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.

Tech24 Acquires Allied Service Group

September 27, 2022

HVAC & Mechanical

Tech24, the HCI Equity Partners-backed national provider of foodservice and commercial HVAC repair and maintenance, acquired Allied Service Group on September 23, 2022 as its twelfth add-on. Allied, based in Jackson, Tennessee, provides repair, preventative maintenance and installation services to restaurants, grocery stores and institutions across Southwest Tennessee and Northern Mississippi, expanding Tech24's footprint in the Southeastern U.S.