Both Companies Signal Future Growth and Expansion across the Mid-Atlantic Region
Align Capital Partners’ (“ACP”) elevator services platform Southwest Elevator Company (“Southwest” or the “Company”) announced today several growth initiatives, including its merger with Action Elevator Company (“Action”), and the tuck-in of Avery Elevator (“Avery”).
Action Elevator provides elevator modernization, maintenance, repair and new construction services for property owners and managers located in the Baltimore-Washington metropolitan area and in the Delmarva Peninsula. Family-owned and operated since 2012, Action is a full-service elevator company serving customers across a variety of end-markets.
“Our management team is looking forward to partnering with Southwest and continuing our strong growth and unmatched legacy of excellent elevator service in the Mid-Atlantic region and beyond,” said Action’s Founder and President John Marshall, Sr. “Furthermore, we are very excited about the addition of Avery Elevator in our DC market.” Like Southwest’s Founder and CEO, Tom Cavinder, Marshall is a third generation elevator executive with a decades-long track record of providing best-inclass service to property owners and managers who require mission critical elevator services. Action will continue to operate under the established Action name.
“Southwest is thrilled to partner with John, his sons and their talented team of employees to serve attractive markets. Under John’s leadership, we’ll provide additional resources to the team and continue expanding geographically; both organically and through additional add-on acquisitions,” Cavinder said. Headquartered in Washington, DC, Avery has provided quality elevator maintenance and repair services to the District of Columbia since 1980. “Align and Southwest are excited to welcome Action and Avery to the Southwest family of elevator service companies,” said ACP Co-Founder Steve Dyke. “We will remain focused on our aggressive expansion strategy and are enthusiastic about the opportunity to grow this exciting company.”
John Marshall, Sr added “we thank Maven Group for their continued support throughout both transactions. They helped us find the right partner in Southwest Elevator, guided our team through all negotiations and managed the diligence process while simultaneously advising us on the buy-side when we worked out our partnership with Avery Elevator.”
To learn more about Maven Group:
Please contact Maven Group at (561) 225-3320 or (239) 253-4500 or visit www.mavenelevator.com.