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New Deal


Announced

Completed

Vestar Capital Partners completed an investment in Tech24.

Financials

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

Tags

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United States

Domestic

foodservice equipment

repair and maintenance

Single Bidder

Minority

Maintenance Repair and Overhaul (MRO)

Acquisition

Private

Private Equity

Completed

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Synopsis

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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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