ESI Acquires A-1 Elevator Service and Pinnacle Elevator

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.

Carroll Capital Acquires Elevator Service, Inc.

October 4, 2019

Industrial Services

Carroll Capital LLC has acquired Elevator Service, Inc. (ESI), a Grand Rapids-based independent elevator services provider, from owner Nate McFadden in partnership with ESI management. Carroll Capital will support ESI’s growth strategy, including expanding market share across Michigan and pursuing add-on acquisitions to build a regional elevator services platform.

Elevator Service Inc. Acquires American Elevator

June 2, 2025

HVAC & Mechanical

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.

ESI Acquires Allrise Elevator Company

December 19, 2023

Industrial Services

Elevator Service LLC (ESI), a Grand Rapids-based elevator service platform backed by Carroll Capital, has acquired Allrise Elevator Company, an independent elevator service provider in the Greater St. Louis market. The transaction is an add-on acquisition that will keep Allrise's branding and team intact while expanding ESI's Midwest footprint and service, modernization, and new construction capabilities in St. Louis and Mid‑Missouri.

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.

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.