ESI Acquires Allrise Elevator Company

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.

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.

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.

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.

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.