M&A Deal Summary

Elevator Service Acquires Pinnacle Elevator

On October 24, 2023, Elevator Service acquired business services company Pinnacle Elevator

Acquisition Highlights
  • This is Elevator Service’s 3rd transaction in the Business Services sector.
  • This is Elevator Service’s 4th transaction in the United States.
  • This is Elevator Service’s 2nd transaction in Louisiana.

M&A Deal Summary
Date 2023-10-24
Target Pinnacle Elevator
Sector Business Services
Buyer(s) Elevator Service
Deal Type Add-on Acquisition

Target

Pinnacle Elevator

Kenner, Louisiana, United States
Pinnacle Elevator is an elevator service company that provides elevator maintenance, repair, and modernization. Pinnacle Elevator was formed in 2016 and is based in Kenner, Louisiana.

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Buyer(S) 1

Buyer

Elevator Service

Grand Rapids, Michigan, United States
Category Company
Founded 1987
Sector Business Services
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 6
Sector (Business Services) 3 of 5
Type (Add-on Acquisition) 4 of 6
State (Louisiana) 2 of 3
Country (United States) 4 of 6
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 A-1 Elevator

Arabi, Louisiana, United States

A-1 Elevator is an elevator service company that provides elevator maintenance, repair, and modernization. A-1 Elevator was formed in 2008 and is based in Arabi, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 Allrise Elevator

St. Charles, Missouri, United States

Allrise Elevator is providing elevator maintenance, repair, modernization, and new equipment installation. Allrise Elevator was founded in 2014 and is based in St. Charles, Missouri.

Buy -
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