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New Deal


Announced

Completed

HCI Equity Partners-backed Tech24 completed the acquisition of AmeriCold and Arrowhead Commercial Equipment.

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

hvac repair

repair and maintenance

Private

Maintenance Repair and Overhaul (MRO)

Private Equity

Domestic

Majority

Friendly

Completed

United States

Acquisition

Synopsis

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HCI Equity Partners-backed Tech24, a provider of repair and maintenance services, completed the acquisition of AmeriCold and Arrowhead Commercial Equipment, two foodservice repair and maintenance firms. Financial terms were not disclosed. "We are excited to welcome both Americold and Arrowhead to the Tech24 organization. AmeriCold brings valuable scale and cold-side service exposure to the large New York market. Arrowhead helps us improve density and diversification in the fast-growing Phoenix market. Both companies come with a long history of strong performance, with accomplished leaders who are excited to develop future growth opportunities for their respective businesses," Dan Rodstrom, Tech24 CEO.

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