Tech24

In October 2024, HCI Equity Partners moved Tech24 from the HCI Equity Partners V to the HCI Equity Partners Continuation Fund. As of 2025, the company is led by its CEO, Cary Reed.. Tech24 specializes in the repair and maintenance of commercial foodservice equipment, which encompasses refrigeration, cooking, beverage, and HVAC systems. The company offers installation services, planned maintenance, and emergency repairs to a varied clientele, including restaurants, convenience stores, grocery chains, schools, government facilities, and entertainment venues.

With a network of skilled technicians and advanced technology, Tech24 ensures that its clients' equipment operates efficiently, aiming to minimize downtime across major markets in the US, such as California, Texas, Florida, and New York. Tech24 generates revenue through service contracts and repair transactions structured as business-to-business agreements. Clients engage in recurring maintenance contracts or make one-time repair requests, with payment based on the scope of work. While specific pricing details are not disclosed, the company provides a wide range of services, including commercial refrigeration repair and HVAC maintenance, supported by a substantial inventory of replacement parts to facilitate rapid service execution and enhance customer satisfaction.

In October 2024, HCI Equity Partners transitioned Tech24 from the HCI Equity Partners V to the HCI Equity Partners Continuation Fund, although financial terms were not made public. Future growth initiatives include the introduction of new service offerings and geographical expansion into additional regional markets. The company aims to leverage funds from recent investments to support these expansions and enhance service capabilities, thereby addressing the increasing demand in the foodservice equipment maintenance industry.