ESI completes acquisition of Bounds Elevator to strengthen its position in the New Orleans market
Acquiring Company
Elevator Service
Acquired Company
Bounds Elevator
Grand RapidsNew OrleansConstructionBuilding MaintenanceBuilding MaterialConstructionDescription
Elevator Service LLC (ESI), a leading elevator service platform, has successfully acquired Bounds Elevator, an independent service provider in the New Orleans market. This strategic investment further solidifies ESI's position as the #1 independent elevator service provider in the Local 16 market and marks ESI's seventh add-on acquisition in the last two years.
Quick answer
Elevator Service is acquiring Bounds Elevator, announced April 1, 2024. Elevator Service is based in Grand Rapids, Michigan, United States.
- How much did Elevator Service pay for Bounds Elevator?
- The deal value was not disclosed.
- What does Elevator Service do?
- Elevator Service Inc. specializes in elevator installation and maintenance services.
- Where are Elevator Service and Bounds Elevator based?
- Elevator Service is based in Grand Rapids, Michigan, United States. Bounds Elevator is based in New Orleans, Louisiana, United States.
- Who are the decision-makers at Elevator Service?
- Fundz holds 1 contact at Elevator Service. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Construction and Building Maintenance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- RWC Building Products completes acquisition of New Mexico Plaster and Supply to strengthen capabilities in the stucco market (May 1, 2024)
- CRH completes acquisition of BoDean and Northgate Ready Mix to enhance presence in Northern California (April 5, 2024)
- Superior Paving Corp. successfully acquires Boxley Materials Company’s Asphalt Division (March 15, 2024)
- Construction Partners, Inc. acquires asphalt manufacturing and construction operations of Sunbelt Asphalt Surfaces, Inc. in Georgia (May 1, 2024)
- Quanex Building Products to Acquire Tyman, Creating Comprehensive Solutions Provider (April 22, 2024)
- Decks & Docks completes acquisition of Excelsior Lumber and Fence & Deck Direct to expand geographic coverage (April 16, 2024)
Who to call at Elevator Service, and when
When Elevator Service changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Elevator Service raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Elevator Service, from your own LinkedIn network
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Frequently asked
Who acquired Bounds Elevator?
Bounds Elevator was acquired by Elevator Service, based in Grand Rapids. The deal was reported on April 1, 2024. Elevator Service Inc. specializes in elevator installation and maintenance services. The company focuses on providing quality service and innovative solutions. Elevator Service is privately held and operates in Construction.
When did Elevator Service acquire Bounds Elevator?
Elevator Service's acquisition of Bounds Elevator was reported on April 1, 2024. Elevator Service LLC (ESI), a leading elevator service platform, has successfully acquired Bounds Elevator, an independent service provider in the New Orleans market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bounds Elevator do?
Bounds Elevator has been providing elevator maintenance, repair, modernization, and new equipment installation in the New Orleans and Mississippi markets since 2019. It is privately held, operating in Construction, and is based in New Orleans.
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