Acquisitions and Investments
Otis Korea To Acquire Schindler’s Business in South Korea
Otis announced on October 17 subsidiary Otis Elevator Korea has reached an agreement to acquire Schindler Elevator Co. Ltd. in South Korea. Completion of the transaction is subject to merger...
Axxiom Elevator Acquires Ameritex in Texas and California
Axxiom Elevator recently completed the acquisition of AmeriTex Elevator, Inc., in Texas and California, Lift Business Advisors announced. Lift Business Advisors served as M&A advisor to AmeriTex, while Donahue Fitzgerald...
Elevator Service, Inc., Acquires Detroit’s Elevator Technology
Elevator Service, Inc. (ESI), the parent company of City Elevator of Michigan, announced the acquisition of Elevator Technology, a Detroit-based elevator service provider. The move expands ESI's and City Elevator...
Toronto’s Cantech Elevators Acquired by KONE
After 22 years of steady growth and consistent improvement, Toronto-based Cantech Elevators has been acquired by KONE, announced Lift Business Advisors, which acted as M&A advisor to Cantech in negotiations...
VDA Acquires Southern California’s HKA
VDA, Inc., a leading vertical-transportation (VT) consulting and inspection firm headquartered in East Hanover, New Jersey, and serving customers in the U.S., Canada and the U.K., announced the acquisition of...
Total Access Elevator Acquires LA Elevator
Total Access Elevator, a Sante Fe Springs, California-based division of Los Angeles (LA)-based private-equity firm Century Park, announced in August the acquisition of LA Elevator, an independent provider of elevator...
VDA Acquires Florida-Based Suncoast Elevator Inspections
VDA, Inc., a vertical-transportation consultancy based in East Hanover, New Jersey, on June 30 announced the acquisition of Suncoast Elevator Inspections, a Tampa Bay area, Florida-based company specializing in elevator...
VDA Expands Into U.K. With Acquisition
VDA, a leading North American vertical-transportation (VT) consultancy based in East Hanover, New Jersey, on June 23 announced its expansion into the U.K. with the acquisition of D2E International VT...
Otis UK Sells Liftec Express to Rcapital Partners
Otis UK announced on June 2 the sale of its 100% shareholding in Liftec Express Ltd. to Rcapital Partners LLP. DC Advisory advised Otis on the transaction, the terms of...
Spain’s MP Ascensores Secures Financing to Fuel Strategy
Financing agreements with five leading European financial institutions will allow MP Ascensores to confidently deploy its new 2025-27 Strategic Plan, the Seville, Spain-based lift manufacturer announced on June 5. Recently...
