Elevator Service Inc. Acquires American Elevator
June 2, 2025
Elevator Service Inc. (ESI) has acquired American Elevator, an Oklahoma City–based provider of elevator maintenance, repair and modernization services. The deal expands ESI's service footprint across the Southwest (Oklahoma and West Texas) and brings American Elevator's employees and regional customer relationships into the ESI platform.
- Buyers
- Elevator Service Inc. (ESI)
- Targets
- American Elevator
- Industry
- HVAC & Mechanical
- Location
- Oklahoma, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Elevator Service, Inc. Acquires Elevator Technology
September 8, 2025
Industrial Services
Elevator Service, Inc. (ESI), parent of City Elevator of Michigan, has acquired Detroit-based elevator service provider Elevator Technology as owner Wayne Bolen retires. Elevator Technology will operate under City Elevator of Michigan, expanding ESI's footprint and service capabilities in the Detroit metro while ensuring continuity for customers and employees.
-
ESI Acquires A-1 Elevator Service and Pinnacle Elevator
October 24, 2023
HVAC & Mechanical
Elevator Service LLC (ESI), backed by Carroll Capital, completed an add-on investment in A-1 Elevator Service and Pinnacle Elevator, two independent elevator service providers in the New Orleans metropolitan area. The transaction expands ESI's platform into the Southeast (its tenth market) and aims to drive regional density, capability improvements, and continued growth through enhanced technology, sales, and operational support.
-
Elevator Service (ESI) Acquires Express Elevator LLC with Support from Carroll Capital
October 15, 2021
Industrial Services
Elevator Service LLC (ESI), backed by family office Carroll Capital, acquired Milwaukee-based Express Elevator LLC. The deal adds Express’s ~350 customer base and field-service team to ESI’s Midwest elevator services platform to accelerate growth across Wisconsin.
-
ESI (Elevator Service LLC) Acquires Toledo Elevator & Machine Co.
March 25, 2022
Engineering Services
Elevator Service LLC (ESI), backed by Greenwich-based family office Carroll Capital, acquired Toledo Elevator & Machine Co., Inc., the largest independent elevator service provider in Northwest Ohio. The add-on expands ESI’s platform into the Ohio and Detroit markets while retaining Toledo Elevator’s President Jason Gwin in his leadership role to support continued growth and service capability expansion.
-
Express Elevator (ESI) Acquires Ascend Elevator
April 17, 2025
Industrial Services
Express Elevator, a division of Elevator Service, Inc. (ESI), has acquired Ascend Elevator, an independent elevator service provider based in Brown Deer, Wisconsin. The add-on expands Express Elevator/ESI's service footprint in the Milwaukee area and brings Ascend's customers and capabilities into the Express & ESI network.
-
ESI Acquires Bounds Elevator
April 1, 2024
Industrial Services
Elevator Service LLC (ESI), a Grand Rapids-based elevator service platform, has acquired Bounds Elevator, an independent service provider in the New Orleans market, from founder Tim Bounds. The deal — completed with financial backing from Greenwich-based family office Carroll Capital and debt financing from BMO — is an add-on to ESI's platform to strengthen its presence in Southern Louisiana and the Mississippi Gulf Coast.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.