ESI Acquires Bounds Elevator
April 1, 2024
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.
- Buyers
- Elevator Service LLC (ESI), Carroll Capital
- Targets
- Bounds Elevator
- Sellers
- Tim Bounds
- Platforms
- Elevator Service LLC (ESI)
- Industry
- Industrial Services
- Location
- Louisiana, United States
- Transaction Type
- Addon
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