Greenville, SC, June 2020

HCI Equity Partners is pleased to announce its acquisition of Tech24, 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. Tech24 has meaningful scale and a national footprint, serving 50 metro markets in 25 states.

Seeking Add-ons

Tech24 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 tfrend@hciequity.com if you know of any possible add-ons.