Southeast Elevator today announced the acquisition of Gulfside Elevator and Cab Interiors LLC ("Gulfside") in Naples, FL. Southeast Elevator is based in Ft. Pierce, FL and has been servicing customers in central Florida and up and down the East coast of Florida for 26+ years. Southeast Elevator differentiates itself from other residential elevator companies as it [...]
The National Association of Elevator Contractors (NAEC) hosted their annual Educational Spring Conference in Tuczon, AZ from April 18th through 21st, 2021 and asked Dominik Sachsenheimer, President of Maven Group, LLC to share his thoughts on private equity firms as new players in the elevator industry.
3Phase begins its midwestern expansion following investment from Berkshire Partners with a well-known market leader in West Virginia 3Phase Elevator, a leading independent elevator and escalator services provider, announced today that it has merged with West Virginia Elevator, the largest independent elevator services provider in West Virginia. This news follows 3Phase’s announcement earlier this month that [...]
TK Elevator Canada has acquired three companies that specialize in elevator modernization, service and repair in Ontario – Bay Elevator, Direct Elevator and True Canadian Elevator Maintenance Company. More than 100 employees from the three companies will join TK Elevator Canada, the leading vertical transportation company in Canada. All three sellers were advised by Maven Group, [...]
Urban Elevator Service ("Urban"), one of the largest independent elevator companies in the United States, announced its acquisition of Aventura Elevator ("Aventura"). Aventura is a full-service elevator contractor specializing in installing, modernizing, repairing, and maintaining all types of vertical transportation equipment, and has been serving clients across southeastern Florida since 2012. The acquisition expands Urban’s presence [...]
Schindler Elevator Corporation (“Schindler”) announces the acquisition of Colorado Elevator Solutions (“CES”) based in Denver, CO. CES co-principals Chris Mezosi and Scott Brugh commented “We are very proud of the portfolio we have built in our Colorado operation over the years. Our established team will continue to service our customers with the same passion and attention [...]
American Elevator Group ("AEG"), today confirmed their investment in Right Way Elevator Maintenance, Inc., the first of several anticipated acquisitions throughout Florida and the Southern United States. Established in 2012, Right Way specializes in the maintenance, modernization, and repair of all types of elevators, throughout Florida. Ryan Coley, President and CEO of Right Way, is justly [...]
American Elevator Group ("AEG"), today confirmed the acquisition of American Service Group ("American Service" or "the Company"). Established in 1996, American Service specializes in providing a comprehensive range of rack and pinon elevator solutions and maintenance services, supporting industries including power generation, cement production and high-rise construction throughout the Midwest, Eastern and Southern United States. Recently [...]
Signals Future Growth and Expansion for the Established Vertical Transportation Company Urban Elevator Service, one of the largest independent elevator companies in the United States, today announced a new partnership with Skydeck Capital. Urban Elevator has been providing installation, modernization, repair, and maintenance services to commercial, residential, educational, medical, retail, and other institutional facilities for more [...]
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 [...]