Signals Future Growth and Expansion for the Established Vertical Transportation Company Transel Elevator & Electric, Inc., d/b/a TEI Group, the largest independently owned and operated vertical transportation company serving the New York tristate area, is pleased to announce that Analogue Holdings Limited (HKG:1977), a leading electrical and mechanical engineering service provider in Hong Kong with substantial [...]
March 2020 As we all worry about the impact of the novel Coronavirus (Covid-19) on our daily lives, Maven Group spent a good part of the week speaking with various leaders of the elevator industry across the United States about how they deal with this challenging situation. We hope some readers take comfort in the fact [...]
Leading Elevator Provider in New England to Merge Operations with Long Standing New York Market Leader East Bridgewater, MA – 3Phase Elevator Corp. ("3Phase"), a New England-based independent provider of maintenance, modernization, and repair services for all major brands of elevator and escalator equipment, announced the acquisition of Excel Elevator & Escalator Corp. ("Excel"). The acquisition [...]
Acquisition Establishes Platform in Elevator Service Market Carroll Capital LLC ("Carroll Capital") announced today that it has acquired Elevator Service LLC ("Elevator Service" or "ESI") in partnership with its management team from Nate McFadden. Elevator Service, based in Grand Rapids, is the market-leading independent elevator services provider in West Michigan. ESI's highly trained union technicians perform [...]
Schindler Elevator Company announces the acquisition of Boesen Plumb Elevator Solutions, Inc (BPES) based in Wichita, KS. Founded in 2008, BPES has been the largest independent elevator company in the area for many years. BPES founder and principal Ben Boesen commented "We are very pleased to become part of the Schindler family. Our established team will [...]
Elevator Control Service, ELCON Enterprises, Inc. announces the acquisition of Traveler Elevator based in Jacksonville, FL. Founded in 2008, Traveler is the largest independent elevator company in Jacksonville. Traveler's founder and principal Mark DeWitt commented "Our entire team is excited to become part of the ELCON family. We received various attractive offers but ELCON's package was [...]
Delaware Elevator announces the acquisition of a portion of the commercial maintenance portfolio of Eastern Elevator Co. based in Winchester, VA. The acquired contracts span across Virginia, West Virginia and Maryland. "We will continue our very successful residential business in these 3 states" says Eastern Elevator's owner Ray Clark, "and we will also keep our commercial [...]
Otis Elevator Company recently acquired Elevator Solutions, LLC which was founded by Richard and Sharon Block in Hagerstown, MD in 2009. Elevator Solutions offered elevator maintenance, repairs, and modernization as well as new Installations in Western MD, Northern VA, Northern WV and Southern PA. "My employees and I are thrilled to become part of the largest [...]
Delaware Elevator of Florida Inc. announces the acquisition of Coast to Coast Elevator, Inc. which was founded by Joey McFarland in Pembroke Pines, FL in 2004. The acquisition will expand Delaware's presence in the Southern Florida market by enhancing their maintenance and repair base. "In addition to taking over Coast to Coast's maintenance business, this deal [...]
Nathan D. McFadden acquired Elevator Service Inc. (ESI) from Jeffrey and Ginger DeVries earlier this month. While earning an outstanding reputation for the exceptional quality of their new construction and modernization work, ESI has provided superior elevator maintenance and repair services across Michigan for 30 years.