Restaurant Equipment Maintenance Corporation
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Restaurant Equipment Maintenance Corporation - overview
Established
1994
Location
Pelham, AL, US
Primary Industry
Consumer Services
About
Restaurant Equipment Maintenance Corporation specializes in the maintenance and repair of commercial food equipment, providing essential services that ensure restaurants and commercial kitchens operate efficiently and effectively. Founded in 1994, Restaurant Equipment Maintenance Corporation is based in Pelham, US, focusing on the repairs and maintenance of commercial food equipment. In June 2018, the company was acquired by EEC Acquisition LLC, a portfolio company of Audax Private Equity. The CEO is Flor Rivas.
REMCO specializes in comprehensive services related to commercial food equipment, including parts supply and repair. Their focus includes maintenance and repair of equipment in restaurants, convenience stores, and commercial kitchens. They service a variety of equipment types such as ovens, grills, steamers, fryers, refrigeration units, ice machines, beverage machines, and HVAC systems. REMCO operates in several states, including Alabama, Tennessee, Georgia, Mississippi, Florida, and Louisiana, catering to clients from grocery stores to healthcare facilities, addressing specific operational challenges.
REMCO's revenue model primarily revolves around service agreements and repair transactions within the food service industry. They handle both emergency repairs and scheduled maintenance, leading to transactional relationships that encompass one-time services or ongoing contracts. The company also supplies replacement parts for various kitchen equipment, supporting immediate and long-term operational needs. While specific pricing plans are not disclosed, transactions may include costs associated with individual service calls or comprehensive service contracts, reflecting their dedication to high-quality service.
Following the acquisition on June 4, 2018, REMCO is exploring opportunities to enhance its service offerings and expand into new geographic regions. Plans include targeting existing markets within the Southeastern US for increased service efficiency and potentially introducing new maintenance solutions tailored to emerging food service technologies. The recent acquisition aims to bolster their operational capabilities and support strategic initiatives that drive growth.
Current Investors
Smart Care Equipment Solutions
Primary Industry
Consumer Services
Sub Industries
Home Repair Services
Website
www.remcoalabama.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Restaurant Equipment Maintenance Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Restaurant Equipment Maintenance Corporation | - |
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