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Announced

Completed

HCI Equity Partners-backed Tech24 completed the acquisition of Pronto Repairs,

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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United States

repair services

Maintenance Repair and Overhaul (MRO)

Acquisition

Private

Private Equity

Domestic

Majority

Completed

Friendly

Single Bidder

Synopsis

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HCI Equity Partners-backed Tech24, a provider of repair and maintenance services for foodservice and commercial HVAC equipment completed the acquisition of Pronto Repairs, a hot- and cold-side services provider with long term customers at hospitals and medical centers in metropolitan New York City. Financial terms were not disclosed. "Tech24 has been on an exciting trajectory of geographic and technician growth, and we're thrilled to continue making strides to strengthen our presence both in the New York City area and the healthcare segment. We welcome Pronto Repairs and look forward to working with Pronto's President, Brendan Mirque, and his entire team as part of the Tech24 family," Dan Rodstrom, Tech24 CEO.

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