Operating Company Industrial Services

Tech24

Greenville, South Carolina, United States

National provider of fast, multi-regional repair and preventive plan solutions for commercial refrigeration, cooking, beverage and HVAC equipment, with self-performed technicians and installation/maintenance/emergency repair services.

Focus Areas
Commercial kitchen equipment service, Commercial refrigeration repair, Commercial cooking equipment maintenance

Tracked deals

18

18 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

17 addon · 1 recapitalization

Tech24 Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Tech24. 6 2021 6 2022 5 2023 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 18 tracked deals for Tech24.

  • Buyer
    Tech24, HCI Equity Partners, Vestar Capital Partners
    Target
    Pacific Standard Service (PSS)
    Seller
    Greg Jones (Founder of PSS)
    Industry
    IT Services
    Location
    United States
    Type
    Addon

    Tech24, an HCI Equity Partners-backed platform, acquired Pacific Standard Service (PSS), a CFESA-member provider of commercial hot-side cooking equipment maintenance, repair, and installation. The deal expands Tech24’s presence and adds PSS’s national restaurant and other commercial customer relationships and technician base.

  • Buyer
    Vestar Capital Partners, HCI Equity Partners, Tech24 management team
    Target
    Tech24

    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.

  • Buyer
    Tech24, HCI Equity Partners
    Target
    Pronto Repairs
    Type
    Addon

    Tech24, a platform backed by HCI Equity Partners, acquired Pronto Repairs, a Tappan, New York–based provider of hot- and cold-side equipment management and maintenance services for hospitals and medical centers. The add-on expands Tech24’s technician coverage and healthcare capabilities in the New York City market and will enable further geographic growth and enhanced recruiting and service capacity for the combined platform.

  • Buyer
    Tech24, HCI Equity Partners
    Target
    Harris Warren Commercial Kitchen Service
    Seller
    Michael Harris-Warren
    Type
    Addon

    Tech24, backed by HCI Equity Partners, acquired Harris Warren Commercial Kitchen Service on June 20, 2023 as its seventeenth add-on acquisition. The purchase expands Tech24's technician base and service coverage in the Cape Cod / greater Boston market, adding commercial kitchen repair, preventative maintenance and installation capabilities.

  • Buyer
    Tech24, HCI Equity Partners
    Target
    Total Mechanical Repair Services (TMR)
    Seller
    Brian Johnson
    Type
    Addon

    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.

  • Buyer
    Tech24, HCI Equity Partners
    Target
    Commercial Kitchen Repairs, Inc.
    Type
    Addon

    Tech24, backed by HCI Equity Partners, acquired Commercial Kitchen Repairs, Inc. (CKR) on February 16, 2023. CKR, based in Quakertown, Pennsylvania, provides repair, preventative maintenance and installation services for commercial cooking equipment across restaurants, schools, hospitals and grocery stores in the greater Philadelphia area; the deal is Tech24's fifteenth add-on to expand its technician workforce and customer base in the northeastern U.S.

  • October 12, 2022
    Buyer
    Tech24, HCI Equity Partners
    Target
    TEK Express
    Type
    Addon

    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.

  • Buyer
    Tech24, HCI Equity Partners
    Target
    1st Source Restaurant Services
    Type
    Addon

    Tech24, a national provider of repair and maintenance services backed by HCI Equity Partners, acquired 1st Source Restaurant Services on September 29, 2022 as its thirteenth add‑on. The acquisition expands Tech24’s coverage in Texas (Dallas–Fort Worth, San Antonio and Arkansas) and adds a team led by CEO Travis Fogle to the platform.

  • Buyer
    Tech24, HCI Equity Partners
    Target
    Allied Service Group
    Type
    Addon

    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.

  • Buyer
    Tech24, HCI Equity Partners
    Target
    AmeriCold, Arrowhead Commercial Equipment
    Location
    United States
    Type
    Addon

    Tech24, backed by HCI Equity Partners, acquired AmeriCold (announced August 19, 2022) and Arrowhead Commercial Equipment (announced August 10, 2022) as add-on acquisitions to its Tech24 platform. The deals expand Tech24's cold-side refrigeration service capabilities and increase its market share in the New York metro/DC/Southeast Florida and Phoenix markets; financial terms were not disclosed.

  • Buyer
    Tech24, HCI Equity Partners
    Target
    TEMCO, Inc.
    Type
    Addon

    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.

  • Buyer
    Tech24, HCI Equity Partners
    Target
    Facilities Management, LLC, Peltz Services, Inc.
    Type
    Addon

    Tech24, backed by HCI Equity Partners, acquired Facilities Management, LLC and Peltz Services, Inc., both based in Indianapolis, Indiana. The deal — Tech24's eighth add-on — expands the platform's coverage into central and northern Indiana and adds complementary repair, preventative maintenance, and installation capabilities for foodservice and commercial HVAC equipment. Financial terms were not disclosed.

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