Significant Investment From HCI Equity Partners
Baird served as exclusive financial advisor to Tech-24 on this transaction
AboutCommercial Foodservice Repair, Inc., dba Tech-24 (“Tech-24” or the “Company”) has received a significant investment from HCI Equity Partners (“HCI”). Terms of the transaction were not disclosed.
Tech-24 is a national provider of installation, preventative maintenance, and emergency repair services for mission-critical 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 is based in Greenville, South Carolina.
HCI Equity Partners (“HCI”) is a lower middle market private equity firm focused on partnering with family and founder owned distribution, manufacturing and service companies. HCI makes majority investments in businesses within North America in large, fragmented markets. HCI is based in Washington, D.C.
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- June 2020
Technology & Services
- Target Location
- North America
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