BKD Capital Advisors Advises Eichenauer Services, Inc. on Acquisition by Tech-24

News Release Jan 05, 2021
Eichenauer Services, Inc.Eichenauer Services, Inc.

NATIONAL OFFICE – BKD Capital Advisors (BKDCA) is pleased to announce that Eichenauer Services, Inc. (ESI) has been acquired by Tech-24, a complete commercial food service equipment repair and maintenance services provider headquartered in Greenville, South Carolina. Tech-24 is a portfolio company of HCI Equity Partners, based in Washington, D.C. BKDCA served as the exclusive financial advisor to ESI.

ESI is a family-owned commercial kitchen repair business that has provided replacement parts and services to businesses in Central Illinois since 1946. A company with deeply instilled traditional values, ESI’s strong emphasis on quality aims to deliver unparalleled service to its customers.

Having operated as a family business for more than half a century, ESI needed to source the right partner. Tech-24 proposed an excellent opportunity to help preserve ESI’s legacy with its shared customer focus and quality of services.

ESI President/CEO Lee Eichenauer commented, “There were emotional hurdles and financial expectations to overcome when we made the decision to sell our nearly 75-year-old family business. BKD Capital Advisors helped us traverse those challenges with professionalism and expertise. When the purchase agreement was finalized, I’m confident that all parties involved were pleased with the outcome.”

For more information about the transaction, please contact BKD Trusted Advisor™ Greg Lafin at 847.809.9009 or glafin@bkd.com

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