Greenville, SC, June 2020
HCI Equity Partners is pleased to announce its acquisition of Tech-24, a national provider of installation, preventative maintenance and emergency repair services for foodservice and HVAC equipment. The Company serves convenience stores, restaurants, coffee shops and concession operations, among other foodservice establishments. Tech-24 has meaningful scale and a national footprint, serving 50 metro markets in 25 states.
Tech-24 seeks to build further scale, diversity, capabilities and geographic density through M&A partnerships. HCI’s add-on criteria includes:
- Other food and beverage equipment service companies
- Adjusted EBITDA of at least $1 million
- Based in North America, with a focus in the U.S.
Please contact Tim Frend at email@example.com if you know of any possible add-ons.