M&A Deal Summary

Elevator Service Acquires Bounds Elevator

On April 1, 2024, Elevator Service acquired business services company Bounds Elevator

Acquisition Highlights
  • This is Elevator Service’s 5th transaction in the Business Services sector.
  • This is Elevator Service’s 6th transaction in the United States.
  • This is Elevator Service’s 3rd transaction in Louisiana.

M&A Deal Summary
Date 2024-04-01
Target Bounds Elevator
Sector Business Services
Buyer(s) Elevator Service
Deal Type Add-on Acquisition

Target

Bounds Elevator

New Orleans, Louisiana, United States
website
Bounds Elevator provides elevator maintenance, repair, modernization, and new equipment installation in the New Orleans and Mississippi markets. Bounds Elevator was formed in 2019 and is based in New Orleans, Louisiana.

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Buyer(S) 1

Buyer

Elevator Service

Grand Rapids, Michigan, United States

website

Category Company
Founded 1987
Sector Business Services
DESCRIPTION

Elevator Service is a provider of maintenance and testing, repair, and elevator modernization services. The company’s service area includes the Michigan cities of Grand Rapids, Lansing, Ann Arbor, Kalamazoo, and Battle Creek and ESI maintains and repairs elevators for many large public- and private-sector customers throughout Michigan. Elevator Service was founded in 1987 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 6 of 6
Sector (Business Services) 5 of 5
Type (Add-on Acquisition) 6 of 6
State (Louisiana) 3 of 3
Country (United States) 6 of 6
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 Allrise Elevator

St. Charles, Missouri, United States

Allrise Elevator is providing elevator maintenance, repair, modernization, and new equipment installation. Allrise Elevator was founded in 2014 and is based in St. Charles, Missouri.

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