Tech24 Acquires 1st Source Restaurant Services

Tech24 Completes Thirteenth Add-on Acquisition

GREENVILLE, S.C., October 3, 2022—Tech24, backed by HCI Equity Partners, today announced that it acquired 1st Source Restaurant Services (“1st Source” or the “Company”) on September 29, 2022. Tech24 is a national provider of repair …


Tech24 Acquires Allied Service Group

Tech24 Completes Twelfth Add-on Acquisition

GREENVILLE, S.C., September 27, 2022—Tech24, backed by HCI Equity Partners, today announced that it acquired Allied Service Group (“Allied” or the “Company”) on September 23, 2022. Tech24 is a national provider of repair and maintenance …


HCI Expands Investment Team with Justin Boyles

WASHINGTON, DC, September 22, 2022—HCI Equity Partners (“HCI”), a leading lower middle-market private equity firm, is pleased to announce that Justin Boyles has joined the firm as an Associate within the firm’s investment team. Mr. Boyles will be responsible for …


Doug McCormick Featured on Bluwave’s Karma School of Business Podcast

HCI Co-Founder, Managing Partner and Chief Investment Officer, Doug McCormick, recently joined Sean Mooney, CEO of Bluwave, LP, on his brand new podcast, the Karma School of Business. Listen in to hear Doug and Sean discuss building world-class teams and …


HCI Names Lisa Costello CAO & Amy Stremmel CFO

WASHINGTON, DC, August 29, 2022 – HCI Equity Partners (“HCI”), a leading lower middle market private equity firm that partners with founder-owned distribution, manufacturing and B2B service companies, announced today the promotions of Lisa Costello to Chief Administrative Officer (“CAO”), …


Tech24 Acquires AmeriCold & Arrowhead Commercial Equipment

Tech24 Completes Tenth & Eleventh Add-on Acquisitions

GREENVILLE, S.C., August 26, 2022—Tech24, backed by HCI Equity Partners, today announced that it acquired Americold and Arrowhead Commercial Equipment (“Arrowhead”) on August 19, 2022, and August 10, 2022, respectively. Tech24 is a …


Doug McCormick Featured on Northstar’s Fast Pitch Private Equity Podcast

HCI Co-Founder, Managing Partner and Chief Investment Officer, Doug McCormick, recently joined Jeff Henningsen, President and Partner at Lockton Companies Houston on his popular podcast, Northstar’s Private Equity Fast Pitch. Listen in to hear how Doug’s lessons learned at West …


Three HCI Portfolio Companies Named to Inc. 5000’s 2022 List of Fastest Growing Companies

WASHINGTON, DC, August 17, 2022 – HCI Equity Partners, a leading lower-middle-market private equity firm, today announced that three of their portfolio companies have been featured on Inc. 5000’s 2022 list of fastest growing companies. The recognized platforms include MSI …


Tech24 Acquires TEMCO, Inc.

Tech24 Completes Ninth Add-on Acquisition

GREENVILLE, S.C., July 25, 2022—Tech24, backed by HCI Equity Partners, today announced that it acquired TEMCO, Inc. (“TEMCO” or the “Company”) on July 20, 2022. Tech24 is a national provider of repair and maintenance services …


HCI Completes Sale of SouthernAg Carriers

ALBANY, GA, July 19, 2022—HCI Equity Partners, a leading lower middle-market private equity firm, today announced the sale of SouthernAg Carriers, Inc.  on July 8, 2022.

Headquartered in Albany, Georgia, SouthernAg is a transportation and logistics service provider for agricultural …