APi Group Acquires Elevated Facility Services from L Squared Capital Partners

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.

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 (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.

3Phase Elevator (Fort Point Capital-backed) Acquires Low Rise Elevator

August 17, 2020

Industrial Services

3Phase Excel Elevator Corp., a Fort Point Capital-backed independent provider of elevator maintenance and modernization services, acquired Low Rise Elevator, a Philadelphia-area vertical-transportation services provider. The deal expands 3Phase’s Mid-Atlantic presence; Low Rise’s owner Mark Myers will become branch manager covering PA, DE, MD and VA.

Cibes Lift Group Acquires Elevator Service Company

October 31, 2023

Building Products

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.