M&A Deal Summary

3Phase Elevator Acquires Specialized Elevator

On January 21, 2022, 3Phase Elevator acquired business services company Specialized Elevator from CIVC Partners

Acquisition Highlights
  • This is 3Phase Elevator’s 6th transaction in the Business Services sector.
  • This is 3Phase Elevator’s 6th transaction in the United States.
  • This is 3Phase Elevator’s 1st transaction in California.

M&A Deal Summary
Date 2022-01-21
Target Specialized Elevator
Sector Business Services
Buyer(s) 3Phase Elevator
Sellers(s) CIVC Partners
Deal Type Merger
Advisor(s) William Blair (Financial)
Ropes & Gray (Legal)

Target

Specialized Elevator

Santa Fe Springs, California, United States
Specialized Elevator is dedicated to providing courteous, professional elevator services to keep every building’s elevator performing and looking its best. Our end-to-end elevator services include elevator modernization, maintenance, repairs, ADA compliance, and building code upgrades. Specialized Elevator is based in Santa Fe Springs, California.

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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 6 of 6
Sector (Business Services) 6 of 6
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 6 of 6
Year (2022) 1 of 1
PREVIOUS 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 -

Seller(S) 1

SELLER

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.

DEAL STATS #
Overall 46 of 48
Sector (Business Services) 9 of 10
Type (Merger) 1 of 1
State (California) 7 of 7
Country (United States) 45 of 47
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Magnate Worldwide

Portland, Oregon, United States

Magnate Worldwide is a diversified supply chain management company, comprised of a unique portfolio of complementary, premier logistics providers focused on expedited domestic transportation and global freight forwarding. Magnate Worldwide was founded in 2014 and is based in Portland, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 Innovate

Calabasas, California, United States

Innovate is a provider of tech-enabled survey and sampling services to market research agencies, consulting firms, and corporations. The company focuses on enhancing the quality of its clients’ market research by using its proprietary software, deep respondent sourcing, and screening expertise, and client service model to provide insights professionals timely access to high quality, unique survey respondent populations. Innovate was founded in 2014 and is based in Calabasas, California.

Buy -
Mergr

Product

Company

Legal