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

January 21, 2022

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.

Targets
Specialized Elevator Services Holdings
Sellers
CIVC Partners
Industry
Construction
Location
California, United States
Transaction Type
Growth capital

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