Tech-24 has acquired Yukon Refrigeration with the backing of investment firm HCI Equity Partners.
Yukon is HCI’s fifth add-on acquisition in the highly fragmented foodservice repair market. Financial terms have not been disclosed.
Headquartered in Mount Vernon, Illinois, Yukon is a provider of repair services, preventative maintenance and installation for foodservice and HVAC equipment to customers throughout Southern Illinois.
Yukon represents an attractive addition to Tech-24’s existing footprint in Illinois and comes with a stable base of tenured technicians and established market share.
“Yukon has a terrific reputation for responsiveness and customer service in Illinois,” said Dan Rodstrom, CEO of Tech-24. “We are delighted they are joining the Tech-24 family as we grow our national leadership in this vital service industry.”
Doug McCormick, managing partner at HCI, said: “This acquisition is part of our consolidation strategy that is increasing Tech-24’s geographic reach and making it a strong competitor to service Illinois’ largest retailers and retail chains. Yukon is a great example of how HCI is focused on partnering with founder-owned companies to help them expand and thrive in today’s markets.”