GREENVILLE, SC, September 21, 2021 /PRNewswire/ — Tech-24, backed by HCI Equity Partners, today announced that it has acquired Yukon Refrigeration (“Yukon“) On September 20, 2021. Tech-24 is a nationwide provider of repair and maintenance services for food service and commercial HVAC equipment. Yukon is HCI’s fifth add-on acquisition in the highly fragmented foodservice repair market. Financial terms were not disclosed.
headquarters in Mount Vernon, Illinois, Yukon is a provider of repair services, preventive maintenance and installation of food service and HVAC equipment to customers worldwide Southern Illinois. Yukon Attractively complements Tech-24’s existing footprint in Illinois and comes with a stable base of permanent technicians and an established market share.
“Yukon has a great reputation for responsiveness and customer service in Illinois,” said Dan Rodstrom, CEO of Tech-24. “We are delighted to have them join the Tech-24 family as we grow our national leadership in this vital service industry.”
Doug McCormick, HCI’s Managing Partner commented: “This acquisition is part of our consolidation strategy that extends Tech-24’s geographic reach and makes it a strong competitor to service. Illinois’ largest retailers and chain stores. Yukon is a prime example of how HCI is focused on partnering with founder-owned companies to help them grow and thrive in today’s markets.”
Quarles & Brady served as legal counsel to Tech-24.
Tech-24 provides installation, preventive maintenance and repair for food service facilities in the US. The company specializes in cooking, refrigeration, beverage and specialty food service equipment, as well as HVAC, electrical and plumbing services. For more information, visit www.mytech24.com.
About HCI Equity Partners
HCI Equity Partners is a lower mid-market private equity firm focused on partnering with family-owned and founder-owned distribution, manufacturing and service companies. HCI is headquartered in Washington, DC. For more information, visit www.hciequity.com.
Kelsey Clute, VP, Director of Communications, HCI
Lisa Baker, Lambert & Co.
SOURCE HCI Share Partners