M&A Deal Summary

TK Elevator Acquires Accurate Elevator

On June 18, 2021, TK Elevator acquired machinery company Accurate Elevator

Acquisition Highlights
  • This is TK Elevator’s 5th transaction in the Machinery sector.
  • This is TK Elevator’s 5th transaction in the United States.
  • This is TK Elevator’s 2nd transaction in Florida.

M&A Deal Summary
Date 2021-06-18
Target Accurate Elevator
Sector Machinery
Buyer(s) TK Elevator
Deal Type Add-on Acquisition

Target

Accurate Elevator

Marathon, Florida, United States
Accurate Elevator offers new installation, modernization, preventive maintenance, and repair services for commercial and residential buildings in The Florida Keys. Accurate Elevator is based in Marathon, Florida.

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Buyer(S) 1

Buyer

TK Elevator

Düsseldorf, Germany
Category Company
Sector Machinery
DESCRIPTION
ThyssenKrupp elevator service vehicle in Duluth, Minnesota.
ThyssenKrupp elevator service vehicle in Duluth, Minnesota.

TK Elevator is a global provider of elevators, escalators, and other innovative passenger transportation solutions. TK Elevator is based in Dusseldorf, Germany.

DEAL STATS #
Overall 12 of 12
Sector (Machinery) 5 of 5
Type (Add-on Acquisition) 10 of 10
State (Florida) 2 of 2
Country (United States) 5 of 5
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Bay Elevator

North Bay, Ontario, Canada

Bay Elevator offers elevator services and modernizations. Bay Elevator offers 24-hour emergency service and repair. Bay Elevator Maintenance Control Program is designed to limit shutdowns and maximize the life of your equipment. Bay Elevator is based in North Bay, Ontario.

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