M&A Deal Summary

Tech24 Acquires Allied Service Group

On September 27, 2022, Tech24 acquired business services company Allied Service Group

Acquisition Highlights
  • This is Tech24’s 12th transaction in the Business Services sector.
  • This is Tech24’s 12th transaction in the United States.
  • This is Tech24’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2022-09-27
Target Allied Service Group
Sector Business Services
Buyer(s) Tech24
Deal Type Add-on Acquisition

Target

Allied Service Group

Jackson, Tennessee, United States
Allied Service Group is a provider of repair services, preventative maintenance, and installation for food service and HVAC equipment, servicing restaurants, grocery stores, and institutions in Southwest Tennessee and Northern Mississippi. Allied Service Group is based in Jackson, Tennessee.

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Buyer(S) 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 STATS #
Overall 12 of 18
Sector (Business Services) 12 of 18
Type (Add-on Acquisition) 12 of 18
State (Tennessee) 1 of 1
Country (United States) 12 of 18
Year (2022) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-26 Arrowhead Commercial Equipment

Glendale, Arizona, United States

Arrowhead Commercial Equipment is a provider of repair services, preventative maintenance, and installation for food service and refrigeration equipment. Arrowhead provides both hot and cold-side service for customer segments including restaurants, grocery stores, country clubs, and senior care facilities. Arrowhead Commercial Equipment is based in Glendale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 1st Source

Lewisville, Texas, United States

1st Source is a provider of repair services, preventative maintenance, and installation for food service, refrigeration equipment, HVAC, and plumbing. The Company services restaurants, hotels, religious establishments, country clubs, and convenience stores in the Dallas-Fort Worth area, San Antonio, and Arkansas. 1st Source is based in Lewisville, Texas.

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