Tracked deals
10
10 tracked deals across 2021-2026.
Operating Company
Industrial Services
Elevator Service
Grand Rapids, Michigan, United States
Independent elevator service provider offering elevator maintenance, repair, modernization, testing, and installation, with a multi-market growth strategy that expands via acquisitions of independent elevator companies.
- Focus Areas
- Elevator maintenance & repair, Modernization & upgrades, Elevator installation
- Website
- esielevator.com
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Addon
8 addon · 2 buyout
Elevator Service Acquisition Volume by Year
Last 6 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Elevator Service, Inc. (ESI)
- Target
- East Elevator
- Seller
- Joe Marks
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
Elevator Service, Inc. (ESI) announced the acquisition of East Elevator, a Chicago-based independent elevator service company. The deal marks ESI’s entry into the Chicago market and is intended to provide East Elevator with ESI’s operational infrastructure, recruiting and training resources, and technical capabilities while preserving East Elevator’s local identity.
-
September 8, 2025
- Buyer
- Elevator Service, Inc. (ESI), City Elevator of Michigan
- Target
- Elevator Technology
- Seller
- Wayne Bolen
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Buyout
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.
-
June 2, 2025
- Buyer
- Elevator Service Inc. (ESI)
- Target
- American Elevator
- Industry
- HVAC & Mechanical
- Location
- Oklahoma, United States
- Type
- Buyout
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.
-
April 17, 2025
- Buyer
- Express Elevator (division of Elevator Service, Inc.), Elevator Service, Inc. (ESI)
- Target
- Ascend Elevator
- Industry
- Industrial Services
- Location
- Wisconsin, United States
- Type
- Addon
Express Elevator, a division of Elevator Service, Inc. (ESI), has acquired Ascend Elevator, an independent elevator service provider based in Brown Deer, Wisconsin. The add-on expands Express Elevator/ESI's service footprint in the Milwaukee area and brings Ascend's customers and capabilities into the Express & ESI network.
-
April 1, 2024
- Buyer
- Elevator Service LLC (ESI), Carroll Capital
- Target
- Bounds Elevator
- Seller
- Tim Bounds
- Industry
- Industrial Services
- Location
- Louisiana, United States
- Type
- Addon
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.
-
December 19, 2023
- Buyer
- Elevator Service LLC (ESI), Carroll Capital
- Target
- Allrise Elevator Company
- Industry
- Industrial Services
- Location
- Missouri, United States
- Type
- Addon
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.
-
- Buyer
- Elevator Service LLC (ESI), Carroll Capital
- Target
- A-1 Elevator Service, Pinnacle Elevator
- Seller
- Justin Schulte, Gary Songy, Mike Luscy
- Industry
- Industrial Services
- Location
- Louisiana, United States
- Type
- Addon
Elevator Service LLC (“ESI”) entered into a partnership and completed an investment to acquire A-1 Elevator Service and Pinnacle Elevator, independent elevator service providers serving the Greater New Orleans area and Southern Louisiana/Mississippi. The deal is ESI’s fifth add-on acquisition in the last two years and supports its launch and expansion strategy into the Southeast region.
-
June 29, 2022
- Buyer
- Elevator Service LLC (ESI), Carroll Capital
- Target
- Van Duinen Elevator Co.
- Seller
- Larry Burns
- Industry
- HVAC & Mechanical
- Location
- Michigan, United States
- Type
- Addon
Elevator Service LLC (ESI) acquired Van Duinen Elevator Co., an elevator maintenance, repair and modernization company based in Grand Rapids, Michigan. The deal, backed financially by Greenwich-based family office Carroll Capital, is ESI's third add-on in six months and is intended to increase market density and extend ESI's service footprint in West Michigan; Van Duinen's owner Larry Burns will join ESI's management team.
-
- Buyer
- Elevator Service LLC (ESI), Carroll Capital
- Target
- Toledo Elevator & Machine Co., Inc.
- Seller
- Jason Gwin
- Industry
- Engineering Services
- Location
- Ohio, United States
- Type
- Addon
Elevator Service LLC (ESI), backed by Greenwich-based family office Carroll Capital, acquired Toledo Elevator & Machine Co., Inc., the largest independent elevator service provider in Northwest Ohio. The add-on expands ESI’s platform into the Ohio and Detroit markets while retaining Toledo Elevator’s President Jason Gwin in his leadership role to support continued growth and service capability expansion.
-
October 15, 2021
- Buyer
- Elevator Service LLC (ESI), Carroll Capital
- Target
- Express Elevator LLC
- Seller
- Bob Young
- Industry
- Industrial Services
- Location
- Wisconsin, United States
- Type
- Addon
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.
Related Acquisition Pages
Industrial Services Buyers & Acquisitions
7 tracked deals by Elevator Service.
HVAC & Mechanical Buyers & Acquisitions
2 tracked deals by Elevator Service.
Engineering Services Buyers & Acquisitions
1 tracked deal by Elevator Service.
Acquisitions in Louisiana
2 tracked deals by Elevator Service.
Acquisitions in Michigan
2 tracked deals by Elevator Service.
Acquisitions in Wisconsin
2 tracked deals by Elevator Service.
Acquisitions in Illinois
1 tracked deal by Elevator Service.
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