Acquisitions
Berkshire Partners Acquires 3Phase from Fort Point Capital
3Phase Elevator was acquired by Boston-based Berkshire Partners from existing investor Fort Point Capital. The investment will allow 3Phase Elevator to grow throughout the U.S., as it has with six...
KONE Acquires Detroit Elevator Co.
KONE announced on June 1 that it has acquired the service and repair business of Detroit Elevator Co. in Ferndale, Michigan, including its operations throughout the greater Detroit area and...
TKE Expands Canadian Presence with trio of Acquisitions
TKE expanded its reach in Canada with the acquisition of three Ontario companies specializing in elevator modernization, service and repair: Bay Elevator Ltd. of North Bay, Direct Elevator Service Ltd....
Urban Elevator Expands Florida Footprint with Acquisition
Urban Elevator, a privately owned, union, independent elevator service contracting firm headquartered in Cicero, Illinois, announced on May 18 the acquisition of Aventura Elevator, based in Miami-Dade County, Florida. Maven...
AEG Acquires Abell Elevator International
American Elevator Group (AEG) announced on May 3 the acquisition of Abell Elevator International, which serves customers throughout Kentucky and North Carolina. Headquartered in Louisville, Kentucky, Abell Elevator was founded...
Schindler Acquires Denver-Based CES
Schindler has acquired Denver-based Colorado Elevator Solutions (CES), Florida-based Maven Group LLC, which facilitated the transaction, announced on May 4. CES founder and principal Scott Brugh said he is proud...
TKE Acquires Albany Elevator in New York’s Capital Region
TKE has acquired Albany Elevator, a leading provider of modernization, maintenance, repair and installation services in the Albany, New York Capital Region for the past 21 years, the company announced on May 3....
NYC’s Champion Elevator Acquires ARCTEC Elevator Service
Champion Elevator Corp., headquartered in Manhattan, has acquired ARCTEC Elevator Service, Inc., a NYC-based provider of elevator service, repair, modernization and inspection, Champion announced in early April. Specializing in mid-market...
Right Way Elevator Joins American Elevator Group
American Elevator Group (AEG) has confirmed its investment in Florida-based Right Way Elevator Maintenance as the first of several planned acquisitions throughout the southern United States, the company announced on...
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