M&A Deal Summary

American Elevator Group Acquires Port Elevator

On June 1, 2022, American Elevator Group acquired business services company Port Elevator

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

M&A Deal Summary

Date 2022-06-01
Target Port Elevator
Sector Business Services
Buyer(s) American Elevator Group
Deal Type Add-on Acquisition
Advisor(s) Lift Business Advisors (Financial)

Target

Port Elevator

Williamsport, Pennsylvania, United States
Port Elevator offers a complete range of services including maintenance, repairs, violation corrections, and non-proprietary new equipment installations. Port Elevator was founded in 1975 and is based in Williamsport, Pennsylvania.

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Buyer(S) 1

Buyer

American Elevator Group

New York, New York, United States

Category Company
Founded 1902
Sector Business Services
DESCRIPTION

American Elevator Group is a provider of elevator maintenance, modernization, and installation upgrade services to a large installed base of commercial and residential elevators. American Elevator Group was founded in 1902 and is based in New York, New York.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 Jersey Elevator Co.

Aberdeen, New Jersey, United States

Jersey Elevator Co. is an independent provider of elevator maintenance, modernization and installation services in New Jersey and Pennsylvania. Jersey Elevator was founded in 1974 and is based in Aberdeen, New Jersey.

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