Acquisitions
Keystone Announces VDA’s Acquisition of Sierra Consulting
Keystone Capital Management, L.P., recently announced its portfolio company, Hanover, New Jersey-based VDA, Inc., has acquired Sierra Consulting Group. VDA is a marketing-leading provider of vertical-transportation (VT) consulting and inspection...
3Phase Acquires Commercial Portfolio From Southeast And Partners
Canton, Massachusetts-headquartered 3Phase Elevator, a leading elevator and escalator service company, has partnered with Southeast Elevator to service Southeast’s commercial maintenance and service customers, the companies announced on April 28....
Cibes Lift Group Acquires Bella Elevator
Cibes Lift Group, headquartered in Gävle, Sweden, will strengthen its U.S. presence with the planned acquisition of Bella Elevator, LLC, manufacturer of Symmetry Elevating Solutions. The deal is set to...
Savage Wright Group Acquires PTL Equipment
Independent investor Savage Wright Group announced on May 1 it has acquired PTL Equipment, a provider of elevator and escalator fixture components to the U.S. and international markets. The acquisition...
CEDES Acquires Industrial Door Protection Specialist VITECTOR
CEDES, a global leader in elevator sensors headquartered in Switzerland, recently announced the acquisition of the VITECTOR portfolio from Netherlands-based FRABA, in turn strengthening CEDES’ position in the industrial door...
Hitachi Takes Total Holding of Elevator Company Yungtay
Tokyo-based Hitachi has all of the remaining holdings of Yungtay Engineering Co., Ltd., meaning the Taiwan-led company will engage in the manufacture, sale and service of elevators and escalators in...
TEC Elevator and 3Phase Elevator Announce Merger
TEC Elevator, Inc. (TEC) announced that it has merged with the 3Phase Elevator Corp. family of independent elevator companies, expanding the company's presence in the Philadelphia, New Jersey and Delaware...
Champion Elevator Acquires Superior Elevator Technologies
Champion Elevator, headquartered in Manhattan, NYC, with locations in Connecticut, New Jersey and Long Island, announced it has acquired Superior Elevator Technologies Corp., headquartered in the Bronx and serving the...
KLEEMANN Enters U.S. Market Through Day Elevator & Lift
KLEEMANN, a major lift manufacturer serving the global market, this month announced its entry to the U.S. market through an alliance with Day Elevator & Lift, established in 1992 and...
Cibes Lift Group Enters Agreement to Acquire Apex Lifts
Cibes Lift Group has entered an agreement to acquire Apex Lifts to strengthen their customer offering and presence in the U.K. market, Cibes announced in April. Cibes Lift Group will...
