Tech24 Names Cary Reed as New CEO Under Vestar Capital’s Guidance
Portfolio - People | Mar 13, 2025 | Vestar Capital
Vestar Capital has announced the appointment of Cary Reed as the new CEO of Tech24, a company specializing in commercial kitchen and facility services. This strategic decision by Vestar, a private equity firm with a strong focus on building profitable and sustainable businesses, underscores their commitment to enhancing Tech24’s leadership team to better capture growth opportunities in the industry. Cary Reed brings a wealth of experience in operational management and strategic development, which is expected to steer Tech24 towards further success under his leadership.
Sectors
- Private Equity
- Commercial Services
Geography
- United States – Relevant as Vestar Capital, a U.S.-based private equity firm, is making leadership changes at Tech24, which likely operates in the U.S. market.
Industry
- Private Equity – Relevant as Vestar Capital, a private equity firm, is involved in the appointment of a new CEO for Tech24, indicating strategic changes driven by the firm.
- Commercial Services – Applicable since Tech24 operates within the commercial kitchen and facility services sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vestar Capital | Private Equity Firm | Company | A private equity firm that has invested in Tech24 and is involved in the strategic appointment of its new CEO. |
| Tech24 | Target Company | Company | A company specializing in commercial kitchen and facility services, the latest venture by Vestar Capital in their portfolio. |
| Cary Reed | CEO | Person | Recently appointed CEO of Tech24, tasked with driving growth and strategic initiatives under the aegis of Vestar Capital. |