American Elevator Group Acquires Port Elevator
June 1, 2022
American Elevator Group (AEG) has acquired Pennsylvania-based Port Elevator, adding the Williamsport- and Harrisburg-area service provider to AEG's growing portfolio of regional elevator service businesses. The deal expands AEG's footprint in central Pennsylvania and increases the group's nationwide service coverage as an add-on to its existing platform.
- Buyers
- American Elevator Group, Arcline Investment Management
- Targets
- Port Elevator
- Sellers
- Port Elevator owners (Jerry Rexer and family)
- Platforms
- American Elevator Group
- Industry
- Building Products
- Location
- Pennsylvania, United States
- Transaction Type
- Addon
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