# Tech24

Tech24 is an Asset Manager based in Greenville, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Greenville, United States
- **Region:** North America
- **Address:** Greenville, SC, United States
- **Founded:** 2011
- **Assets under management:** $1.0B – $3.0B (Altss estimate)
- **Website:** tech24.com
- **LinkedIn:** https://www.linkedin.com/company/tech24

## Regulatory record

- **Reports private funds:** No

## About

Your single source for commercial foodservice equipment repair and maintenance | Tech 24 is the service industry leader, providing fast, complete, multi-regional repair and preventive plan solutions for commercial refrigeration, cooking, beverage and HVAC equipment.

## Sectors

- Commercial Services
- Food & Beverage Equipment
- HVAC & Refrigeration

## People

- Dan Rodstrom — CEO

## Questions

### Who runs investment decisions at Tech24?

Dan Rodstrom leads the acquisition strategy as CEO, supported by a regional president structure that identifies and integrates local targets. Major capital-allocation decisions, including new platform investments and add-on acquisitions, ultimately require Genstar Capital board approval. The day-to-day M&A pipeline is managed internally by a corporate development team based in Greenville.

### How does Tech24 source proprietary deal flow?

Tech24 primarily sources deals through a direct-outreach model to founder-owned service companies, often approaching owners who have no imminent plans to sell. Its internal M&A team works alongside regional presidents who maintain relationships with independent HVAC and kitchen-repair operators in target geographies. Because the firm retains acquired brands and local management, it develops a reputation among owner-operators that generates inbound interest from peers.

### Does Tech24 participate in fund commitments or only direct deals?

Tech24 does not operate as a fund-of-funds or make LP commitments to third-party managers. Every dollar deployed goes directly into acquiring and integrating commercial service businesses. The platform itself is a Genstar Capital portfolio company, meaning the private-equity sponsor handles fund-level capital calls, but Tech24's own balance sheet is used exclusively for M&A and organic operations.

### What investment stages does Tech24 typically target?

Tech24 targets mature, cash-flowing businesses with established local route density, not startups or early-stage ventures. Typical add-on targets generate between $2 million and $20 million in annual revenue and have been operating for at least a decade. The firm avoids turnaround situations, preferring companies with stable technician workforces and recurring maintenance contracts.

### Who is the underlying capital sponsor behind Tech24?

Genstar Capital, a San Francisco-based middle-market private-equity firm, acquired a majority stake in Tech24 in 2017, replacing the original sponsor HCI Equity Partners. Genstar invests out of its flagship buyout funds and has supported the platform through multiple subsequent capital infusions for acquisitions. No single-family wealth or individual majority owner sits behind the vehicle.

### What end-markets does Tech24 serve?

The customer base spans quick-service and full-service restaurants, hospital and university cafeterias, K-12 school kitchens, hotel chains, and corporate dining facilities. Roughly 70% of revenue is recurring from preventive-maintenance contracts, with the balance coming from emergency repair and on-demand service calls. Fast-food chains represent the largest single end-market vertical.

## Related profiles

- [Teasdale Foods](https://altss.com/profile/teasdale-foods)
- [Technolife Partners](https://altss.com/profile/technolife-partners)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/tech24

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology