An acquisition and an anniversary
Kings III Acquires Florida-Based Competitor
Texas-headquartered Kings III Emergency Communications announced in August it is acquiring Florida-based competitor ESRM. By November 1, ESRM headquarters and day-to-day operations will transition to Kings III’s Dallas-area offices. One of the owners of ESRM, Tom Worthington, is being added to the Kings III management team, and all ESRM employees have been offered positions as Kings III “works to secure a seamless client transition with no disruption in services.” Kings III CEO Dennis Mason said that with healthy metrics in the elevator phone monitoring market and a successful dealer program, ESRM is a good fit. Kings III observed ESRM “has a strong retention rate that marries nicely with Kings III’s own 98% customer retention.”
Smartrise Marks One Year at New Headquarters
Smartrise Engineering, Inc. recently celebrated the one-year anniversary of its new headquarters in the Dallas suburb of Irving, Texas (ELEVATOR WORLD, September 2018). The company transformed a two-story, 53,000-ft2 former storage facility into office and factory space, adding 75 jobs to the local market.
Smartrise tells EW it is looking to add more hires. Founded and based in Sacramento, California, since 2004, Smartrise moved due to a need for additional manufacturing space and a more central location. The company recently expanded office space and added a break room to the new Texas facility.
|Atis Elevator Inspections Makes Inc. 5000 List Again|
|St. Louis-based ATIS Elevator Inspections, a subsidiary of American Testing and Inspections Services, LLC, has been named to Inc. magazine’s list of the 5,000 fastest- growing private companies for the second year in a row.|
Since its founding in 2013, ATIS has grown to more than US$10 million in annual revenue due to the organic expansion of its customer base and ongoing strategic acquisitions. ATIS:
♦ Has more than 160 employees
♦ Has more than 120 certified inspectors
♦ Performs inspections in more than 40 states
♦ Services more than 20,000 customers and more than 60,000 unique devices
ATIS CEO Chip Smith said the recognition is “a testament to the amazing team at ATIS and their unequivocal commitment to our unifying vision of a world with no conveyance-related injuries.”
Get more of Elevator World. Sign up for our free e-newsletter.