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  6. American Elevator Group Acquires Unitec Elevator Co.

M&A Deal Summary

American Elevator Group Acquires Unitec Elevator Co.

On May 7, 2020, American Elevator Group acquired business services company Unitec Elevator Co. from Pacific Avenue Capital Partners

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

M&A Deal Summary
Date 2020-05-07
Target Unitec Elevator Co.
Sector Business Services
Buyer(s) American Elevator Group
Sellers(s) Pacific Avenue Capital Partners
Deal Type Add-on Acquisition

Target

Unitec Elevator Co.

Ozone Park, New York, United States
Unitec Elevator Co. is an independent provider of elevator maintenance, repair, and modernization services in New York City, New Jersey, and Long Island. Unitec Elevator is based in Ozone Park, New York.

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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 1 of 3
Sector: Business Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
State: New York M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2020 M&A 1 of 2
FOLLOWING 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.

Buy -

Seller(S) 1

SELLER

Pacific Avenue Capital Partners

Category Private Equity Firm
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pacific Avenue Capital Partners is an operationally focused private investment firm focused on acquiring controlling interests in mature, stable businesses from corporate, private, or family sellers. Sectors of interest include consumer products/services, software, IT, industrials, business services, healthcare services, and building products. The Firm targets profitable companies (up to $50 million of EBITDA) valued up to $1 billion. Pacific Avenue Capital Partners is based in El Segundo, California.

DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Unitec Elevator Co.

Ozone Park, New York, United States

Unitec Elevator Co. is an independent provider of elevator maintenance, repair, and modernization services in New York City, New Jersey, and Long Island. Unitec Elevator is based in Ozone Park, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 Gibraltar - Industrial business

Buffalo, New Hampshire, United States

Gibraltar's Industrial business is a provider of products and services for renewable energy. Gibraltar's Industrial business is based in Buffalo, New Hampshire.

Buy -
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