Acquisitions
ESI Acquires Grand Rapids-Based Van Duinen Elevator
With financial backing from Carroll Capital, Elevator Service Inc. (ESI) has acquired Van Duinen Elevator Co., a provider since 1972 of elevator maintenance, repair and modernization based in Grand Rapids,...
IGV Group and AGS, Both of Italy, Join Forces
Milan, Italy-based lift company IGV Group SpA has received an investment from Advanced Global Solutions SpA (AGS), an Italian company focused on innovation and sustainability, IGV recently announced. AGS has...
SES Acquires McIntosh Industries Inc.
Memphis, Tennessee-based Standard Elevator Systems (SES), which manufactures and provides products and solutions for elevators, escalators and moving walks, announced on June 23 it has acquired McIntosh Industries Inc., a...
Acquisition Expands Schindler Canada’s Atlantic Region Presence
Schindler Elevator Corp. (Canada) has acquired Ascension Elevating Devices Ltd. (AED), based near Saint John, New Brunswick, expanding Schindler Canada's presence in the country's Atlantic region and laying the groundwork...
AEG Appoints Clairmont New President
NYC-headquartered American Elevator Group (AEG), North America's largest independent elevator service provider, announced in June it has appointed Bryan Clairmont as president. Clairmont succeeds C. Mark Boelhouwer, who has assumed the...
AEG Acquires Pennsylvania-Based Port Elevator
American Elevator Group (AEG) announced on June 1 the acquisition of Port Elevator, expanding AEG's central Pennsylvania footprint. The acquisition brings the number of AEG business units to 18 nationwide....
3Phase Elevator and Mile High Elevator Announce Merger
3Phase Elevator, an independent elevator and escalator services provider, has merged with Mile High Elevator, a provider of elevator maintenance, repair and modernization services in the Denver, Colorado, and Cheyenne, Wyoming, areas,...
Acquisition Paves Way for Growth for Sweden-Based Hydroware
The acquisition of Alvesta, Sweden-based Hydroware by CapMan Buyout promises to pave the way for Hydroware — a market leader in hydraulic lift modernization — to expand beyond the Nordics...
Champion Expands Hudson Valley Footprint
Champion Elevator, headquartered in Manhattan, NYC, with locations in Connecticut, New Jersey and Long Island, announced on May 16 the acquisition of Hunter Elevator, a provider of elevator installation, service,...
Modern Elevator Innovations Acquired by ATTA Elevators
Modern Elevator Innovations, with locations in Burlington, Canada, and NYC, has been acquired by ATTA Elevators Corp., a full-service elevator and escalator company headquartered in Concord, Canada, the companies announced...
