With Support From Carroll Capital, Esi Acquires Toledo Elevator & Machine Co., Inc
Acquiring Company
Elevator Service
Acquired Company
Toledo Elevator
Grand RapidsConstructionBuilding MaintenanceBuilding MaterialInformation TechnologyDescription
Elevator Service LLC ("ESI"), a leading elevator service provider in the Midwest, announced today that it has acquired Toledo Elevator & Machine Co., Inc ("Toledo Elevator"), the largest independent elevator services provider in the Toledo, OH and Detroit, MI markets, in close partnership with Toledo Elevator's owner and President Jason Gwin. This investment marks ESI's entry into the Ohio market and is ESI's second add-on acquisition in the last six months.
Quick answer
Elevator Service is acquiring Toledo Elevator, announced March 25, 2022. Elevator Service is based in Grand Rapids, Michigan, United States.
- How much did Elevator Service pay for Toledo 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 Toledo Elevator based?
- Elevator Service is based in Grand Rapids, Michigan, 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.
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- Advanced Drainage Systems Announces Acquisition Of Cultec, Inc. (May 2, 2022)
- Commercial Metals Completes Acquisition Of Tensar Corporation (April 25, 2022)
- Priestly Demolition Inc. Completes Majority Acquisition Of Jones Group Ltd. (April 4, 2022)
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 Toledo Elevator?
Toledo Elevator was acquired by Elevator Service, based in Grand Rapids. The deal was reported on March 25, 2022. 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 Toledo Elevator?
Elevator Service's acquisition of Toledo Elevator was reported on March 25, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Toledo Elevator do?
Toledo Elevator is an elevator maintenance, repair, and modernization company based in Toledo, Ohio. The Company has been serving the Toledo, Northwest Ohio, and Detroit markets since 1923. It is privately held, operating in Information Technology.
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