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Acquiring Company
Axxiom Elevator
Acquired Company
Carolina Elevator Service
MargateColumbiaEnergyConstructionBuilding MaintenancePublic SafetyDescription
Axxiom Elevator has completed the acquisition of Carolina Elevator Service, expanding its operations into the Carolinas and Georgia. This marks Axxiom's 13th acquisition since its founding. The acquisition aims to leverage Carolina Elevator's reputation for safety and reliability in the market.
Related People
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed