Ascent Elevators Acquires Philadelphia's Triad Lifts

Ascent Elevators, a Delaware-based provider of vertical-transportation solutions across the Midwest and Atlantic, announced on April 21 the acquisition of Triad Lifts LLC, a respected commercial elevator service company based in Philadelphia. Maven Group, which facilitated the deal on behalf of Triad, said the acquisition "significantly expands Ascent Elevators' footprint in the Mid-Atlantic region, strengthening its service capabilities throughout southeastern Pennsylvania, Delaware and south Jersey." Speaking for Ascent Elevators, Justin Flumer said the company is thrilled to welcome Triad Executive Vice President Pat Williams and the entire Triad team. "Triad's dedication to understanding their clients' individual needs and their proactive approach to preventive maintenance and modernization align perfectly with our mission to elevate our customers' expectations," Flumer said. Both companies employ talent from the International Union of Elevator Constructors (IUEC), with Triad maintaining a strong affiliation with IUEC Local 5 in Philadelphia.