Cibes Lift Group Acquires Elevator Service Company
October 31, 2023
Swedish lift manufacturer Cibes Lift Group has acquired Elevator Service Company, Inc., a Torrington, Connecticut-based provider of home lifts, platform lifts and elevator maintenance and modernization services. The acquisition gives Cibes a stronger U.S. presence and retains Elevator Service Company as a wholly owned subsidiary under new management.
- Buyers
- Cibes Lift Group
- Targets
- Elevator Service Company, Inc.
- Sellers
- Steven Roth (majority owner and CEO)
- Industry
- Building Products
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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