3Phase Elevator Acquires Halley Elevator

3Phase Elevator Corp Acquires TEC Elevator, Inc.

April 20, 2022

Industrial Services

3Phase Elevator Corp has merged with TEC Elevator, Inc., expanding 3Phase's service footprint in the Philadelphia, New Jersey and Delaware markets. The transaction is an add-on acquisition to 3Phase's independent elevator services platform; TEC's local management team will remain in place and Harvey & Company served as financial advisor to 3Phase.

3Phase Elevator and Specialized Elevator Merge as Berkshire Partners Makes Growth Investment

January 21, 2022

Construction

3Phase Elevator and Specialized Elevator Services Holdings have merged to create the largest nationwide independent union elevator services company in the United States. Existing 3Phase investor Berkshire Partners made a strategic growth investment in the combined company — including acquiring CIVC Partners' stake in Specialized — while management from both companies reinvested and will remain in place. The combined business will employ more than 390 International Union of Elevator Constructors members and service over 20,000 elevator and escalator units.

3Phase Elevator Acquires Gable Elevator (Ohio Expansion)

December 22, 2021

HVAC & Mechanical

3Phase Elevator has merged with Gable Elevator, adding the Cleveland/Columbus-based elevator maintenance, repair and modernization business to its platform. The transaction expands 3Phase’s presence into Ohio; terms were not disclosed and the existing Gable leadership team will remain in place while founder Rick Gable retires.

3Phase Elevator Acquires Advanced Elevator

October 13, 2021

HVAC & Mechanical

3Phase Elevator and Advanced Elevator have merged, with Advanced joining the 3Phase family to strengthen 3Phase's presence in the Greater Washington, D.C. and Baltimore markets. The deal allows Advanced to remain led by founder Stanley Smentkowski Sr. (with his son) while leveraging 3Phase's digital capabilities and automation to support growth and service delivery.

Berkshire Partners Acquires 3Phase Elevator from Fort Point Capital

June 3, 2021

Industrial Services

Boston-based private equity firm Berkshire Partners has entered into a definitive agreement to acquire 3Phase Elevator from Fort Point Capital. The investment will support 3Phase’s expansion into new U.S. markets through strategic add-ons and partnerships and strengthen its sales and digital capabilities; terms were not disclosed and the deal was expected to close by the end of June 2021.

3Phase Elevator Acquires Excel Elevator

January 7, 2020

Industrial Services

3Phase Elevator Corp., a New England-based independent elevator maintenance and modernization provider, has acquired Excel Elevator & Escalator Corp., a Staten Island, New York-based vertical-transportation services company. The deal, backed by Fort Point Capital and financed by BMO Sponsor Finance, expands 3Phase's geographic footprint along the I-95 corridor to cover ten states and strengthens its position as a leading independent elevator services platform.