Announced
Completed
Financials
Tags
United States
Domestic
foodservice equipment
repair and maintenance
Single Bidder
Minority
Maintenance Repair and Overhaul (MRO)
Acquisition
Private
Private Equity
Completed
Friendly
Synopsis
Vestar Capital Partners, a private equity firm, completed an investment in Tech24, a provider of commercial foodservice equipment repair and maintenance. Financial terms were not disclosed. "Vestar's deep experience in both commercial facilities services and the foodservice end market, as well as its track record in partnership-oriented sponsor recapitalizations, positions the firm as a perfect partner for Tech24 as we look to find new ways to accelerate growth. We are pleased to welcome Vestar and are eager to work alongside their team and our existing investor HCI as we focus on our active acquisition pipeline," Dan Rodstrom, Tech24 CEO.
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