Acquisitions
AEG Reflects On Remarkable Growth Since 2020 Inception
NYC-headquartered American Elevator Group (AEG), the largest independent elevator service provider in North America, has experienced remarkable expansion since its inception in 2020, the company observed on February 28. Starting...
ATTA Elevators Acquires Toronto Area’s Vertical Motion
ATTA Elevators, a full-service elevator and escalator company headquartered in Concord, Canada, announced on February 1 the acquisition of Vertical Motion, based in the greater Toronto area and in business...
Arcline Creates Standard Elevator Through Acquisitions
Standard Elevator, a new company created by growth-oriented private-equity firm Arcline Investment Management, will offer the vertical-transportation (VT) industry a leading choice of elevator components and solutions platforms, Arcline announced in...
Otis Finalizes Deal to Fully Acquire Spanish Company
Otis Worldwide Corp. announced on December 21 it has finalized an agreement to purchase Madrid-based Zardoya Otis, a company in which it already had a partial stake. Otis’ subsidiary, Opal Spanish...
3Phase Merges Gable To Expand Its VT Service
3Phase Elevator has absorbed Ohio-based Gable Elevator in a merger, the Canton, Massachusetts, vertical-transportation (VT) company reported on December 22. Gable, a provider of elevator maintenance, repair and modernization services,...
NYC-Based Champion Elevator Acquires New Jersey’s Infinity Elevator
Champion Elevator, headquartered in Manhattan with locations in Connecticut, New Jersey and Long Island, announced it has acquired INFINITY Elevator Co., Inc, based in Little Ferry, New Jersey. Champion described...
New York-Based USSG Acquires New Jersey-Based Transcope
US Services Group, LLC (USSG), an industrial services company based in Deer Park, New York, announced on October 7 the acquisition of Randolph, New Jersey-based Transcope Services, LLC, a carrier...
Correction: Berkshire Partners Acquires 3Phase From Fort Point Capital
A recent news item contained an incorrect headline. In early June, 3Phase Elevator was acquired by Boston-based Berkshire Partners from existing investor Fort Point Capital. The investment will allow 3Phase...
Marine Innovations Adds New Hampshire Dealer
Frazee, Minnesota-based inclined elevator provider Marine Innovations, Inc., has added Gilford, New Hampshire-based Winnipesaukee Island Services, LLC (WIS) as a dealer. Founded in 2009, WIS specializes in residential construction, mooring...
Champion Strengthens N.J. Presence with Pair of Acquisitions
In 2021, Champion Elevator Corp., with headquarters in New York, Connecticut and New Jersey, strengthened its N.J. presence with a pair of acquisitions: Independence Elevator Co., a company led by...
