Acquisitions and Investments
Apex Elevator Inspection & Testing Joins VDA
APEX Elevator Inspection & Testing, LLC, headquartered in Collegeville, Pennsylvania, and mainly serving Pennsylvania and Delaware, has joined VDA, Inc., Hanover, New Jersey-based VDA announced on July 16. Founded to...
VDA Acquires Canada’s GUNN Consultants
East Hanover, New Jersey-headquartered VDA, Inc. announced on July 9 it has acquired Canada-based vertical-transportation (VT) consultancy GUNN Consultants. GUNN was founded in 1983 as an engineering consulting firm specializing...
Hyundai Elevator To Participate in Paid-In Capital Increase for Subsidiary
Hyundai Elevator announced that it will participate in the paid-in capital increase of its subsidiary in Türkiye, Maeil Business Newspaper reports. Hyundai Elevator plans to invest $41 million in installments...
APi Group Aims To “Build a US$1-Billion-Plus Elevator and Escalator Services Platform”
Following the acquisition of Tampa, Florida-based Elevated Facilities Services Group, Minnesota-based APi Group Corp. plans to “build a US$1-billion elevator and escalator services platform over the long term” through organic...
Lindgren Named KONE Americas SVP — Finance
Kenneth Lindgren has been named senior vice president (SVP) — Finance, for KONE Americas, headquartered in Lisle, Illinois, KONE announced. In this role, Lindgren will lead the KONE Americas finance...
API Group Completes Acquisition of Elevated Facility Services Group
Minnesota-headquartered APi Group Corp. on June 5 announced the completion of its previously announced acquisition of Tampa, Florida-headquartered Elevated Facility Services Group for approximately US$570 million from a fund managed...
Del Monte Capital Invests in Integrity Elevator Solutions
Del Monte Capital, a private equity firm specializing in growth-oriented, lower middle-market companies, has announced its growth investment in Integrity Elevator Solutions (IES). IES has become a leading independent provider...
California’s Total Access Elevator Partners With PE Firm
Total Access Elevator, Inc., Southern California's largest independent commercial elevator modernization, maintenance and repair provider, has partnered with Century Park Capital Partners, a private-equity (PE) firm based in El Segundo,...
KONE Acquires Australia’s Orbitz Elevators
KONE will acquire the service business of Gold Coast-headquartered Orbitz Elevators in Australia and all lines of the company’s businesses in New Zealand for an undisclosed sum, Business News Australia...
Baltimore-Based Monumental Supply Changes Hands
Monumental Supply Co. Inc., a Baltimore, Maryland-based business specializing in the distribution of products including a range of elevator supplies in Baltimore, the Mid-Atlantic and the East Coast areas, has...
