Acquisitions
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...
Mitsubishi Electric Acquiring Swedish Elevator Firm Motum
Mitsubishi Electric Corp. is wholly acquiring Sweden-based Motum AB, which operates an elevator and automatic door business, mainly in Sweden, the Tokyo-based company announces. Noting that it formally agreed on...
Waupaca Elevator Assets Acquired by Fox Valley Elevator
Wisconsin Elevator Co, LLC, doing business as (dba) Fox Valley Elevator, an investment affiliate of family-owned private-equity firm Gardner Standard LLC, acquired the assets of Waupaca Elevator Co., Inc., through...
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...
