Express Elevator (ESI) Acquires Ascend 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.

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 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 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.

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 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.