Acquisitions and Investments
Southern Elevator Transitions Ownership to Plexus Capital
Southern Elevator, a prominent elevator maintenance, modernization and repair services provider serving clients throughout the Carolinas and in Richmond and Roanoke, Virginia, has transitioned ownership to an investor group led...
Texas-Based A&F Elevator Changes Hands
The ownership of Garland, Texas-headquartered A&F Elevator Co., Inc., serving the Dallas and Houston markets, has transitioned from the Mianabi family to Viktor Pastarnak, Maven Group — which facilitated the...
ESI Acquires Metro Elevator
Elevator Service LLC (ESI), a leading elevator service provider in the Midwest, announced that it has acquired Metro Elevator, Inc., a leading independent services provider in the Minneapolis and St....
Accredited Home Elevator Acquires Florida’s Sunrise Elevator
Accredited Home Elevator Co., with locations in New Jersey and Florida, has announced the acquisition of Sunrise Elevator Co., a residential elevator service provider in the Tampa, Sarasota and Fort...
Accessen Group Ltd. Acquires UK Service Lifts LTD.
Accessen Group Ltd. has acquired UK Service Lifts Ltd., a company that specializes in installing, maintaining, modernizing and servicing service lifts in various business types such as shopping centers, department...
M.S. Elevators and ATB Elevator Technology Berlin Join Forces
KONE subsidiary M.S. Elevators "took a decisive step toward strengthening its presence" in Berlin by merging with ATB Elevator Technology Berlin, previously managed by co-managing directors (MDs) Michal Wittek and...
AEG Announces Investment in Trenton Elevator Co.
On June 6, American Elevator Group (AEG) announced its investment in Trenton Elevator Co., expanding AEG's presence throughout New Jersey alongside Jersey Elevator, Dura-Lift Elevator, Kencor Elevator and Pride &...
Mitsubishi Electric Swedish Subsidiary Motum To Acquire Norway’s UNIHEIS
Motum AB, a Sweden-based subsidiary of Mitsubishi Electric Corp., has formally agreed to acquire Norway-based UNIHEIS AS, which has been selling and installing new elevators and providing maintenance as a...
Fujitec Canada Acquires Calgary-Based Stampede Elevator
Fujitec Canada Inc. announced it acquired Calgary-headquartered Stampede Elevator Inc. on April 17. Stampede Elevator was founded in 2014 by Ian Murray and Jason Watmore, who each have more than...
Champion Elevator Expands NYC Footprint With Acquisition
Champion Elevator, headquartered in Manhattan, NYC, with locations in Connecticut, New Jersey and Long Island, announced the acquisition of Brooklyn, NYC-based PRO Elevator Services Inc. on April 16. Champion observed...
