Acquisitions & Investments
Atis Expands Footprint in Vermont Through Acquisition
ATIS has acquired the assets of Vermont Elevator Inspection Services (VEIS), according to Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, Missouri, Morningstar reports. Founded...
Bucher Hydraulics Acquiring Finland’s Hydman Oy
Bucher Hydraulics, the Germany-based global provider of innovative hydraulic drive and control technology for applications including elevators, announced on November 13 it is acquiring Hydman Oy, based in Tampere, Finland....
Japanese OEM Fujitec Exploring Sale to Private Equity
Japanese OEM Fujitec is in talks with private equity groups, including Sweden’s EQT, about a potential sale of its approximately US$2.1-billion elevator and escalator business, the Financial Times reports. The...
Harmar Mobility Acquires Pollock Lifts
Headquartered in Sarasota, Florida, Harmar Mobility, a leading stairlift and mobility device lift manufacturer, has acquired Pollock Lifts, based in Carrickfergus, Northern Ireland, yahoo finance reports. This acquisition follows Harmar’s...
Chicago Elevator Acquired by Team of Industry Veterans
Chicago Elevator, formerly known as Elevator Industries of Illinois and headquartered on Chicago's West Grand Avenue, announced its acquisition by industry veterans Mike Askren, Steve Kowalewicz and Ed Reardon. Chicago...
ATTA Elevators Acquires Ohio-Based Maximum Elevator
ATTA Elevators, a leading independent elevator and escalator service provider headquartered in Ontario, Canada, on October 1 announced its expansion into the Cleveland, Ohio, market with the acquisition of Maximum...
Otis Elevator Acquires Jardine Schindler Lifts Ltd. Taiwan
Otis Elevator Co. (Taiwan) Ltd. has completed the acquisition of Jardine Schindler Lifts Ltd. Taiwan from the Jardine Schindler Group. Otis Taiwan is a subsidiary of Otis Worldwide Corp. Jardine...
Chicagoland’s EIS Becomes Part of VDA Group
VDA Group announced on September 6 that Chicagoland-based Elevator Inspection Service Inc. (EIS) has joined the VDA family of companies. Led by President Frank Cervone and Principal Anthony J. DiBiase,...
ATTA Elevators Opens First U.S. Location
ATTA Elevators, the largest independent elevator company in Canada, has announced its expansion into the U.S. with the opening of its first U.S. location in St. Louis, Missouri. ATTA Elevators...
H.I.G. Capital Completes Acquisition of Action Elevator
H.I.G. Capital, a leading global alternative investment firm, announces that one of its affiliates has completed the acquisition of Action Elevator, a leading independent provider of elevator services. As part...
