Acquisitions & Investments
Backed by Carroll Capital, ESI Acquires Toledo Elevator
Elevator Service LLC (ESI), a leading Midwest elevator service provider headquartered in Grand Rapids, Michigan, has acquired Toledo Elevator & Machine Co., Inc., the largest independent elevator service provider in...
Changes afoot in the Northeast.
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...
Expansions, outlooks and subsidies look to accelerate industry.
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...
Schindler, Oleo, ELSCO and Sodimas grow their brands.
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,...
KONE and Triton make big changes in Texas and Colorado.
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...
ATIS, Liberty and PSI make moves.
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...
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