3Phase Elevator Announces Investment From Berkshire Partners

Jun 03, 2021•about 4 years ago

Canton

Description

3Phase Elevator, a leading independent elevator and escalator services provider, today announced that it has entered into a definitive agreement with Boston-based Berkshire Partners to acquire the company from existing investor Fort Point Capital. The investment will enable 3Phase to expand into new markets across the United States through strategic acquisitions and partnerships, and to further strengthen the company’s sales and digital capabilities. Terms of the transaction were not disclosed.

Company Information

Company

3 Phase Elevator

Location

Canton, Texas, United States

About

Founded in 1996, and headquartered in Canton, Mass., 3Phase Elevator is a leading independent provider of elevator and escalator maintenance, repair, and modernization services in 14 states across the eastern United States. The company is built on a foundation of exceptional customer service. For additional information, visit www.3phaseelevator.com. About Berkshire Partners Berkshire Partners, a Boston-based firm, has 35 years of investment history. Berkshire Private Equity has made more than 130 private equity investments since its inception and has a strong history of partnering with management teams to grow the companies in which it invests. Stockbridge, the firm’s public equity affiliate, was founded in 2007 and seeks to make public equity investments in high-quality companies with strong competitive positions and long-term growth prospects. The firm invests in business services & technology, communications, consumer, healthcare, and industrials companies. For additional information, and to see a full list of the firm’s private equity investments, visit www.berkshirepartners.com. About Fort Point Capital Based in Boston, Fort Point Capital is a private equity firm that invests in lower middle market, services-oriented companies in partnership with strong management teams. Fort Point is currently investing out of its second fund, FPC Small Cap Fund II, L.P. For additional information, visit www.fortpointcapital.com.