Tech24, backed by HCI Equity Partners, has acquired Allied Service Group (Allied), a provider of repair services, preventative maintenance and installation for foodservice and HVAC equipment, servicing restaurants, grocery stores and institutions in Southwest Tennessee and Northern Mississippi.
Tech24 is a provider of repair and maintenance services for foodservice and commercial HVAC equipment.
Allied is Tech24’s twelfth add-on acquisition in the highly fragmented foodservice repair and maintenance market. Financial terms of the deal have not been disclosed.
The acquisition provides Tech24 with an additional entry point into the Southeastern US as Allied’s headquarters in Jackson, Tennessee, are near growing metropolitan areas, including Memphis, Nashville, Knoxville and Chattanooga.
