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 will also significantly strengthen our modernization operation in the area”, says Pete Meeks, President and CEO of Delaware.
“My employees and I are excited to join this team of elevator experts while Delaware is continuing to grow their footprint in Florida,” commented Coast to Coast founder Joey McFarland. “Going through the process of preparing my company for a sale, contacting buyers and maneuvering through due diligence was something I hadn’t done before, the help of Maven Group was priceless. Dominik and Bill took charge and guided me through it all while fostering the relationship with Delaware through constant and transparent communication.”
“The transaction went smoothly, it was a pleasure to work with Maven Group,” confirmed Barry Hoffman, CFO of Delaware Elevator. He added “Delaware will continue to grow the business through acquisitions that make sense for us and our customers.”
To learn more about Delaware Elevator, please go to:
www.delawareelevator.com
To learn more about Maven Group, LLC, please contact us directly:
Dominik Sachsenheimer (561) 225-3320, dominik@mavenelevator.com
Bill Beaury (239) 253-4500, bill@mavenelevator.com
www.mavenelevator.com
