M&A Deal Summary

TK Elevator Acquires Bay Elevator

On May 26, 2021, TK Elevator acquired machinery company Bay Elevator

Acquisition Highlights
  • This is TK Elevator’s 4th transaction in the Machinery sector.
  • This is TK Elevator’s 4th transaction in Canada.
  • This is TK Elevator’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2021-05-26
Target Bay Elevator
Sector Machinery
Buyer(s) TK Elevator
Deal Type Add-on Acquisition

Target

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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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 11 of 12
Sector (Machinery) 4 of 5
Type (Add-on Acquisition) 9 of 10
State (Ontario) 3 of 3
Country (Canada) 4 of 4
Year (2021) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Direct Elevator

Scarborough, Ontario, Canada

Direct Elevator operates as a repair business, repairing and upgrading various types of elevators. Direct Elevator has undertaken a broader range of repairs and modernizations and has included many maintenance contracts into the portfolio. Direct Elevator was founded in 2006 and is based in Scarborough, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-18 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.

Buy -
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