Tech24 Acquires Americold and Arrowhead Commercial Equipment
FOR IMMEDIATE RELEASE
August 29, 2022
Tech24 Acquires Americold and Arrowhead Commercial Equipment
Expands Service in Multiple U.S. Markets
GREENVILLE, SC – Tech24, the industry leader in commercial foodservice equipment repair and maintenance, has recently acquired AmeriCold and Arrowhead Commercial Services, marking Tech24’s 10th and 11th acquisitions.
AmeriCold is a leading provider of cold-side repair and installation services to customers in the New York City metro, Washington, DC, and Southeast Florida areas. Americold has a wide range of customers across the restaurant, grocery and institutional end markets, from New York City’s premier restaurants and hotels to fast-casual dining facilities, hospitals and universities. This acquisition expands the Tech24 platform’s cold side refrigeration services and increases its market share in key metropolitan areas.
Arrowhead Commercial Equipment Services is a Phoenix, Arizona-based provider of repair and preventative maintenance services. Arrowhead provides both hot and cold-side service for customer segments including restaurants, grocery stores, country clubs and senior care facilities. The acquisition increases Tech24’s market share in the fast-growing Phoenix market and brings a talented team and technicians experienced in all types of equipment.
These recent acquisitions are part of the company’s strategic growth plan to increase its nation-wide presence. The aggressive pace of Tech24 acquisitions is a testament to the strength of the company’s infrastructure and leadership capabilities.
“We are excited to welcome both Americold and Arrowhead to the Tech24 organization,” said Dan Rodstrom, CEO of Tech24. “AmeriCold brings valuable scale and cold-side service exposure to the large New York market, while Arrowhead facilitates improvements to density and diversification in the fast-growing Phoenix market. Both companies come with a long history of strong performance, with accomplished leaders who are excited to develop future growth opportunities for their respective businesses.”
About Tech24
Tech24 is the industry leader in commercial foodservice equipment repair and maintenance, providing quick and comprehensive repair and preventive maintenance solutions for commercial refrigeration, cooking, beverage and HVAC equipment. Founded in 1982 in Greenville, SC, Tech24 currently services 50 markets in 25 states from coast to coast and employs over 500 highly qualified service technicians that are equipped with the tools, technology and training they need to get the job done right. To learn more about Tech24, visit https://www.mytech24.com/.
Media contact:
Jessica Wessner
jwessner@vantagep.com
610-487-5567
