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2409, 2021

3Phase Elevator and Hadfield Elevator Announce Merger

Hadfield joins the 3Phase family of independents, adds a strong presence in Pittsburgh and Harrisburg markets 3Phase Elevator, a leading independent elevator and escalator services provider, today announced that it has merged with Hadfield Elevator, [...]

2607, 2021

Southeast Elevator Acquires Gulfside Elevator in Naples, FL

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 [...]

107, 2021

Dominik Sachsenheimer Presents at the 2021 NAEC Educational Spring Conference

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.

2806, 2021

3Phase Elevator and West Virginia Elevator Announce Strategic Partnership

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 [...]

2605, 2021

TK Elevator Canada strengthens position in Ontario by acquiring three elevator companies

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 [...]

1805, 2021

Urban Elevator Acquires Aventura Elevator in Miami, FL

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 [...]

305, 2021

SCHINDLER Acquires Colorado Elevator Solutions in Denver, CO

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 [...]

704, 2021

American Elevator Group Acquires Right Way Elevator Maintenance in St. Petersburg, FL

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 [...]

2303, 2021

American Elevator Group Acquires Specialist Industrial Elevator and Construction Hoist Company

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 [...]

2101, 2021

URBAN ELEVATOR Announces Equity Partnership with SKYDECK

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 [...]

1512, 2020

ACTION Elevator and AVERY Elevator Announce Partnership with SOUTHWEST Elevator Company

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 [...]

2707, 2020

Dominik Sachsenheimer Featured in Elevator World’s June Edition

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 [...]

2707, 2020

SLADE Elevator acquires CESCO Elevator in South Plainfield, NJ

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 [...]

304, 2020

TEI Group Announces Equity Partnership with Analogue Holdings Limited

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 [...]

1903, 2020

Elevator Industry Update

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 [...]

701, 2020

3Phase Elevator Acquires Excel Elevator

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 [...]

410, 2019

Carroll Capital Acquires Elevator Service, Inc.

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 [...]

101, 2019

SCHINDLER acquires BOESEN PLUMB Elevator Solutions in Wichita, KS

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 [...]

1809, 2018

ELCON acquires TRAVELER Elevator in Jacksonville, FL

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 [...]

109, 2018

DELAWARE Elevator acquires partial business of EASTERN Elevator Co. in VA, WV and MD

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 [...]