Announced
Completed
Financials
Tags
Private
Merger
Completed
Majority
Single Bidder
Machinery: Specialty
Domestic
Acquisition
elevator and escalator services
Private Equity
United States
Friendly
Synopsis
Berkshire Partners-backed 3Phase Elevator, an independent elevator and escalator services provider, completed the merger with Advanced Elevator, a provider of elevator and escalator services. Financial terms were not disclosed. The combined company adds to 3Phase’s geographic expansion and allows Advanced to leverage 3Phase’s key digital capabilities and automation.
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