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New Deal


Announced

Completed

CIVC Partners-backed Specialized Elevator Services completed the acquisition of 24 Hour Elevator.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Specialty Contracting

Majority

Friendly

Private Equity

Completed

United States

elevator service

Single Bidder

Synopsis

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CIVC Partners-backed Specialized Elevator Services, California's largest independent elevator service company, completed the acquisition of 24 Hour Elevator, an independent, local elevator company. Financial terms were not disclosed. "When we formed SES, we wanted to partner with leading service providers that shared the same customer-centric approach to providing reliable, high quality service. We found that Ken, Bill, Chris, and the rest of the 24 Hour team share these same core beliefs. Their organization features a deep and talented employee base that puts the customer above all else. We are thrilled to have 24 Hour join our independent elevator services group," Donovan McKeever, Specialized Elevator Services President.

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