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Acquisitions & Investments
Changes-afoot-in-the-Northeast

Changes afoot in the Northeast.

By Elevator World | October 1, 2020

Arcline/Jersey Elevator, D&D and Kencor Arcline Investment Management, a private-equity firm with offices in San Francisco and NYC, has invested in two independent elevator companies and acquired a third. On August 11, Arcline said it had acquired Jersey Elevator, Inc., headquartered in Aberdeen, New Jersey. Jersey Elevator President John Sweeney, whose father started the company…

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Expansions-outlooks-and-subsidies-look-to-accelerate-industry

Expansions, outlooks and subsidies look to accelerate industry.

By Elevator World | April 1, 2018

Ziehl-Abegg Sees Plenty of Bright Spots Globally in 2018 Germany-based Ziehl-Abegg, manufacturer of elevator motors, drives and controls, entered 2018 with optimism as it reflected on record sales of EUR540 million (US$666 million) (ELEVATOR WORLD, February 2018) and positive order intake in the first few weeks of the year. CEO Peter Fenkl said sales expectations…

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Schindler-Oleo-ELSCO-and-Sodimas-grow-their-brands

Schindler, Oleo, ELSCO and Sodimas grow their brands.

By Elevator World | November 1, 2016

Schindler Acquiring FB Group, XJ Distributor Schindler is expanding its presence in Germany and China. It is to fully acquire the FB Group, a Saxony, Germany-based elevator company. The medium-sized, family-owned business has a 20-year presence in the German elevator market. FB engages in the manufacturing, installation, modernization and maintenance of elevators and elevator components.…

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KONE-and-Triton-make-big-changes-in-Texas-and-Colorado

KONE and Triton make big changes in Texas and Colorado.

By Elevator World | August 1, 2016

KONE Acquires Denver Service and Repair Business KONE has acquired the service and repair arm of Elevators Unlimited in Denver, adding “depth and talent to KONE’s service, repair and modernization business in the Denver area,” according to KONE. Welcoming Elevators Unlimited customers, Larry Wash, executive vice president of KONE Americas, described the move as part…

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ATIS, Liberty and PSI make moves.

By Elevator World | May 1, 2016

ATIS Continues Trend Started in 2015 ATIS Elevator Inspections, a subsidiary of American Testing & Inspection Services in St. Louis, has acquired CNY Elevator Inspections, which covers central New York State. It marks the sixth acquisition for ATIS since 2015 (ELEVATOR WORLD, July 2015). CNY has been led by Keith Robison and Jim Cosbey since…

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