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  6. ShoreView Industries Acquires Elevator Systems

M&A Deal Summary

ShoreView Industries Acquires Elevator Systems

On March 11, 2020, private equity firm ShoreView Industries acquired machinery company Elevator Systems

Acquisition Highlights
  • This is ShoreView Industries’ 2nd transaction in the Machinery sector.
  • This is ShoreView Industries’ 35th transaction in the United States.
  • This is ShoreView Industries’ 4th transaction in New York.

M&A Deal Summary
Date 2020-03-11
Target Elevator Systems
Sector Machinery
Buyer(s) ShoreView Industries
Deal Type Recapitalization

Target

Elevator Systems

Garden City, New York, United States
Elevator Systems has been dedicated to producing the highest quality elevator control systems designed for efficient installation and maintenance. Elevator Systems specializes in both modernization and new construction and supply controllers to both independent elevator companies as well as global industry leaders.

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Buyer(S) 1

Buyer

ShoreView Industries

Category Private Equity Firm
Founded 2002
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.

DEAL STATS #
Overall 36 of 47
Sector: Machinery M&A 2 of 4
Type: Recapitalization M&A Deals 13 of 14
State: New York M&A 4 of 5
Country: United States M&A 35 of 46
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-01 Burton

Omaha, Nebraska, United States

Burton offers replacement, repair, and maintenance services to a large and growing customer base. The Company is a multi-brand platform that has completed six add-on acquisitions since inception, expanding its operations in Nebraska, Colorado, Wisconsin, and Kansas. Burton partners with regional HVAC, plumbing, and electrical services providers to help them grow their businesses through follow-on M&A along with additional organic growth tools and capabilities. Burton is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-22 Victory Air and Equipment

Victoria, Texas, United States

Victory Air and Equipment is a distributor of abrasives, paint, blasting equipment and accessories, and replacement parts used in surface preparation and industrial painting. Victory Air and Equipment is based in Victoria, Texas.

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