Another week, another service agent is acquired. Private equity-backed Tech24 has purchased 1st Source Restaurant Services, a Lewisville, Texas-based provider of planned maintenance and installation for foodservice, refrigeration equipment, HVAC and plumbing.
Eric Seay has returned to Low Temp Industries as vice president of operational excellence. Seay will oversee process improvements for the manufacturer and designer of modular and custom serving counters, fabrication, and advanced serving technologies.
Marcy Mathews was introduced as the vice president of sales, marketing and product management for Delfield, a division of Welbilt.
Sales of foodservice equipment and supplies increased 14.3% in the second quarter of 2022, per the Business Barometer published by the Manufacturers’ Agents Association for the Foodservice Industry.
The spate of acquisitions among companies servicing foodservice equipment continued with Tech24’s purchase of Allied Service Group. This marks the third acquisition by Tech24, which is backed by private equity firm HCI Partners, in the last month.
Middleby operating companies Jade Range and Beech Ovens, commonly referred to as Jade-Beech, made a series of updates to its leadership team, including hiring former Wood Stone executives Kurt Eickmeyer and Phil Eaton. Jade-Beech also promoted two longtime employees.
The commercial foodservice equipment parts landscape is adding another player in the form of Marcone.
The Commercial Food Equipment Service Association elected its new board of directors and honored a handful of members for their achievements. Specifically, Nick Cribb of Georgia-based Sam Service was elected to serve a two-year term as CFESA president.
Teresa Asbury was promoted to president of the commercial division for The Legacy Companies, a manufacturer of commercial and consumer foodservice equipment. She most recently served as corporate senior vice president.
The more things change, some things continue to remain the same. Such is the case with NOLA Restaurant Supply & Design.