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 [...]
Dear Friends, As you all know, Dominik will be too modest to share this with a wide audience, but I am very proud that Maven Group gained international recognition in Elevator World's "The People Issue 2020". You can review this year's select group of industry leaders by following this link: Elevator World - The People Issue 2020 [...]
Slade Elevator, Inc, a subsidiary of the multinational Schindler Group, announced the acquisition of Clifton Elevator Service Co., Inc. (CESCO) based in South Plainfield, NJ. Tracing its roots back to the 1930s, CESCO has been among the most respected elevator companies in New Jersey for many decades. CESCO’s President Mike Ryan commented “We are very excited [...]
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 [...]