Add-on Acquisition • Business Services

Tech24 Acquires RMS Mechanical Services

On November 30, 2021, Tech24 acquired business services company RMS Mechanical Services

Acquisition Context
  • This is Tech24’s 7th transaction in the Business Services sector.
  • This is Tech24’s 7th transaction in the United States.
  • This is Tech24’s 2nd transaction in Pennsylvania.

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M&A Deal Summary

Date November 30, 2021
Target RMS Mechanical Services
Sector Business Services
Buyer(s) Tech24
Deal Type Add-on Acquisition

Target Company

RMS Mechanical Services

Ambridge, Pennsylvania, United States
RMS Mechanical Services is a provider of foodservice and commercial HVAC equipment repair, maintenance and installation, offering hot and cold-side expertise for commercial kitchens. RMS Mechanical Services was founded in 2004 and is based in Ambridge, Pennsylvania.
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Buyer Overview 1

Buyer

Tech24

Greenville, South Carolina, United States

Category Company
Founded 1982
Sector Business Services
DESCRIPTION

Tech24 is an installation, preventative maintenance, and repair company specializing in foodservice facilities. The company specializes in cooking, refrigeration, beverage, and specialty foodservice equipment. In select markets, it also performs HVAC, Electrical, and Plumbing services. Tech24 was formed in 1982 and is based in Greenville, South Carolina.


Deal Context for Buyer #
Overall 7 of 18
Sector: Business Services 7 of 18
Type: Add-on Acquisition 7 of 18
State: Pennsylvania 2 of 3
Country: United States 7 of 18
Year: 2021 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Commercial Kitchens

Milford, California, United States

Commercial Kitchens is a provider of repair and preventative maintenance services for commercial grade kitchens to healthcare, education and other institutional customers, across Connecticut, New York and northern New Jersey. Commercial Kitchens is based in Milford, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Peltz Services

South Bend, Indiana, United States

Peltz Services is a complete and total service company that offers Heating, Plumbing, Cooling, Restaurant Equipment, and Refrigeration services. Peltz Services is based in South Bend, Indiana.

Buy -