M&A Deal Summary

Cibes Acquires Elevator Service

On November 1, 2023, Cibes acquired business services company Elevator Service

Acquisition Highlights
  • This is Cibes’ 1st transaction in the Business Services sector.
  • This is Cibes’ 1st transaction in the United States.
  • This is Cibes’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2023-11-01
Target Elevator Service
Sector Business Services
Buyer(s) Cibes
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

Elevator Service

Torrington, Connecticut, United States
Elevator Service provides a wide range of home lifts, platform lifts, and LULA elevators (limited use, limited application). The company also services, modernizes, maintains, and tests lifts throughout Connecticut, New York, Rhode Island, and Massachusetts. Elevator Service was founded in 2000 and is based in Torrington, Connecticut.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Cibes

Gavle, Sweden
Category Company
Founded 1947
Sector Manufacturing
Employees1,600
Revenue 3.6B SEK (2023)
DESCRIPTION

Cibes develops, manufactures, and sells a wide range of vertical platform lifts, cabin lifts, and stair lifts for public and private environments. Cibes was founded in 1947 and is based in Gavle, Sweden.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

Product

Company

Legal