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New Deal


Announced

Completed

HCI Equity Partners-backed Tech24 completed the acquisition of Temco.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

business services

Completed

Private

Friendly

Private Equity

Acquisition

repair and maintenance

Maintenance Repair and Overhaul (MRO)

Majority

United States

Domestic

Synopsis

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HCI Equity Partners-backed Tech24, a national provider of repair and maintenance services for foodservice and commercial HVAC equipment, completed the acquisition of Temco, a company which provides repair and maintenance services for commercial kitchen and HVAC equipment. Financial terms were not disclosed. "We are thrilled to welcome TEMCO to the Tech24 organization. The combination of our companies allows us to enter the rapidly growing Southeastern market and extend our well-known services to a broader set of customers. We look forward to working with Duane Griffin, Mike Reed and the entire TEMCO organization," Dan Rodstrom, Tech24 CEO.

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