Acquisitions and Investments
Jensten To Acquire Lift and Escalator Specialist Broker
Huntington-headquartered Jensten, a fast-growing U.K. insurance broker, on April 24 announced its intention to acquire lift and escalator specialist broker Robert Gerrard & Co Ltd, based in London. Subject to...
IES Acquires Louisiana-Based Stratos Elevator
Integrity Elevator Solutions (IES), an elevator maintenance, repair and modernization provider serving Texas, Oklahoma and Louisiana, has acquired Stratos Elevator, Inc., a leading independent unionized company in the Baton Rouge,...
APi Group Acquires Elevated Facility Services Group
APi Group Corp., headquartered in New Brighton, Minnesota, announced it has entered into a definitive agreement to acquire Tampa, Florida-based Elevated Facility Services Group, a provider of contractually based services...
ESI Acquires New Orleans-Based Bounds Elevator
Elevator Service LLC (ESI) has acquired Bounds Elevator, an independent service provider in the New Orleans market, from its owner and founder Tim Bounds. This investment marks ESI's seventh add-on...
Assa Abloy Sells French Elevator Maintenance Business to KONE
Assa Abloy has sold its PACA Ascenseurs elevator maintenance division in France to KONE, Assa Abloy announced on February 2. The Swedish door and lock company that provides automated entrance...
Maven Group’s Sachsenheimer Reflects on Fruitful 2023
Dominik Sachsenheimer, president and CEO of Jupiter, Florida-based Maven Group, LLC, recently reflected on a fruitful 2023 in a letter to associates. The year included nine transactions representing company owners...
Japan’s Fujitec Strategizes To Improve 2024 Profitability
Japan's Fujitec Co., Ltd. said it aims to improve profitability for the fiscal year ending March 31, 2024, through "sales strategies tailored to [individual] market characteristics and cost reforms based...
ESI Announces Sixth Add-On Acquisition
Elevator Service LLC (ESI) has acquired Allrise Elevator Co., a leading independent service provider in the greater St. Louis market. This investment is ESI's sixth add-on acquisition in the last...
Axxiom Elevator Expands Southwest Presence With Acquisition
After acquiring Arizona Elevator Services, Fort Lauderdale, Florida-based Axxiom Elevator has further expanded its Southwest presence by acquiring IronHawk Elevator, based in Tucson, Arizona, and serving southern Arizona and western...
Allsafe Elevator Inspection Join VDA, Inc.
VDA, headquartered in East Hanover, New Jersey, announced on November 6 it has purchased Allsafe Elevator Inspections, an Allsafe Dominion Company with West Coast headquarters in Denver, Colorado, and East...
