Tech24 Appoints Cary Reed as CEO to Steer Growth
Portfolio - People | Mar 12, 2025 | HCI Equity Partner
Tech24, a company renowned for its expertise in foodservice equipment service and solutions, has announced the appointment of Cary Reed as the new Chief Executive Officer (CEO). Backed by HCI Equity Partners, Tech24 is positioning itself for growth and innovation under Reed's leadership. Reed, who brings extensive experience and an impressive track record in the industry, is expected to build on Tech24's strengths and drive the company's strategic initiatives forward. HCI Equity Partners, a private equity firm with a keen focus on middle-market manufacturing, distribution, and service companies, sees this leadership change as instrumental to enhancing Tech24’s market presence.
Sectors
- Foodservice Equipment Service
- Private Equity
Geography
- United States – Both HCI Equity Partners and Tech24 are based in the United States, which is the primary market for their operations and investment activities.
Industry
- Foodservice Equipment Service – Tech24 operates in the foodservice equipment service and solutions industry, offering critical services to restaurant and hospitality sectors.
- Private Equity – HCI Equity Partners is a private equity firm focusing on investments in middle-market companies, including Tech24.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tech24 | Target Company | Company | A leader in foodservice equipment service and solutions. |
| HCI Equity Partners | Private Equity Firm | Company | A private equity firm that invests in middle-market manufacturing, distribution, and service companies. |
| Cary Reed | CEO | Person | The newly appointed Chief Executive Officer of Tech24, bringing extensive industry experience. |