Elevator Service - M&A Summary, Ownership, and Business Overview

Business ServicesCompany

Elevator Service M&A Summary

Elevator Service has acquired 6 companies of its own, including 6 in the last 5 years.

Elevator Service has acquired in 4 different US states. The Company’s most targeted sectors include business services (84%) and machinery (17%).

Elevator Service Ownership

Who owns Elevator Service?

Elevator Service is owned by Carroll Capital Holdings. It was acquired on October 10, 2019.

Is Elevator Service PE-backed?

Yes. Elevator Service is owned by private equity investor Carroll Capital Holdings.

Elevator Service Business Overview

Where is Elevator Service headquartered?

Elevator Service is headquartered in Grand Rapids, Michigan.

What sector is Elevator Service in?

Elevator Service is a business services company.

When was Elevator Service founded?

Elevator Service was founded in 1987.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Advisors 2

Elevator Service

Elevator Service, Inc.

817 Ottawa Ave., NW,
Grand Rapids, Michigan 49503
United States,
(616) 235-4332
www.esigr.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # - - - 2 3 1 6
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
Bounds Elevator LLC 2024-04-01 - Add-on Acquisition
New Orleans, Louisiana · www.boundselevator.com
Allrise Elevator Co., Inc. 2023-12-19 - Add-on Acquisition
St. Charles, Missouri · www.allriseelevatorcompany.com
A-1 Elevator Service LLC 2023-10-24 - Add-on Acquisition
Arabi, Louisiana · www.a1elevator.net
Pinnacle Elevator 2023-10-24 - Add-on Acquisition
Kenner, Louisiana · www.pinnacle-elevator.com
Van Duinen Elevator Co. 2022-06-29 - Add-on Acquisition
Wyoming, Michigan
Toledo Elevator & Machine Co., Inc. 2022-03-25 - Add-on Acquisition
Toledo, Ohio · www.toledo-elevator.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 5 (83%) - - -
Machinery 1 (17%) - - -
Total 6 - - -

By Geo

State/Country Buy Value Sell Value
United States 6 - - -
  Louisiana 3 - - -
  Ohio 1 - - -
  Missouri 1 - - -
  Michigan 1 - - -
Total 6 - - -

Top M&A Advisors

Financial Deals
FTI Capital Advisors
1
Legal Deals
Ice Miller
2

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