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  6. 3Phase Elevator Acquires Low Rise Elevator

M&A Deal Summary

3Phase Elevator Acquires Low Rise Elevator

On August 17, 2020, 3Phase Elevator acquired business services company Low Rise Elevator

Acquisition Highlights
  • This is 3Phase Elevator’s 3rd transaction in the Business Services sector.
  • This is 3Phase Elevator’s 3rd transaction in the United States.
  • This is 3Phase Elevator’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-08-17
Target Low Rise Elevator
Sector Business Services
Buyer(s) 3Phase Elevator
Deal Type Add-on Acquisition
Advisor(s) Joel B. Albert (Legal)

Target

Low Rise Elevator

Lima, Pennsylvania, United States
Low Rise Elevator, Inc. engages in Maintaining, Repairing, Installing, and Modernizing all types of elevators. Low-Rise has the experience to provide timely, expert service with an emphasis on customer satisfaction. Low Rise Elevator, Inc. was founded in 1992 and is based in Lima, Pennsylvania.

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Buyer(S) 1

Buyer

3Phase Elevator

Canton, Massachusetts, United States
Category Company
Founded 1996
Sector Business Services
DESCRIPTION

3Phase Elevator is an independent provider of elevator maintenance, repair, and modernization services. 3Phase Elevator was founded in 1996 and is based in Canton, Massachusetts.

DEAL STATS #
Overall 3 of 6
Sector: Business Services M&A 3 of 6
Type: Add-on Acquisition M&A Deals 3 of 5
State: Pennsylvania M&A 1 of 2
Country: United States M&A 3 of 6
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Excel Elevator & Escalator

Staten Island, New York, United States

Excel Elevator & Escalator Corp. is an elevator repair, service and modernization, and escalator Repair Service. Excel Elevator & Escalator is based in Staten Island, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Brandywine Elevator

Wilmington, Delaware, United States

Brandywine Elevator Corp. is a full-service elevator company serving customers across a variety of commercial and industrial end-markets. Brandywine Elevator was founded in 2007 and is based in Wilmington, Delaware.

Buy -
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