Tech24, backed by HCI Equity Partners, has purchased Facilities Management and Peltz Services.
Tech24 provides installation, preventative maintenance, and repair for foodservice facilities. Tech24 specializes in cooking, refrigeration, beverage, and specialty foodservice equipment, as well as HVAC, electrical, and plumbing services. Facilities Management is Tech24’s eighth add-on acquisition in the highly fragmented foodservice repair and maintenance market
Doug McCormick, HCI’s managing partner, said, “HCI continues to be pleased with the pace of our consolidation strategy execution for the Tech24 platform. Facilities Management provides specialized expertise to Tech24, and when you combine that with their accelerating growth and team expertise, it makes for a winning addition for the platform.”
Quarles and Brady served as legal counsel to Tech24.