M&A Deal Summary

Carroll Capital Holdings Acquires Elevator Service

On October 10, 2019, private equity firm Carroll Capital Holdings acquired business services company Elevator Service

Acquisition Highlights
  • This is Carroll Capital Holdings’ 1st transaction in the Business Services sector.
  • This is Carroll Capital Holdings’ 2nd transaction in the United States.
  • This is Carroll Capital Holdings’ 1st transaction in Michigan.

M&A Deal Summary
Date 2019-10-10
Target Elevator Service
Sector Business Services
Buyer(s) Carroll Capital Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Elevator Service

Grand Rapids, Michigan, United States
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.

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Buyer(S) 1

Buyer

Carroll Capital Holdings

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Carroll Capital Holdings is a private equity firm focused on a variety of investment situations across the US. The Firm invests in a range of industries including business services, distribution, healthcare, and manufacturing. Carroll Capital Holdings is based in Tampa, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 Ensemble Therapy

Palm Desert, California, United States

Ensemble Therapy offers board-certified speech therapy, occupational therapy, physical therapy, applied behavior analysis therapy, and psychological services for both adults and children. Ensemble Therapy was founded in 2014 and is based in Palm Desert, California.

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