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Announced

Completed

Berkshire Partners-backed 3Phase Elevator completed the merger with Advanced 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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Private

Merger

Completed

Majority

Single Bidder

Machinery: Specialty

Domestic

Acquisition

elevator and escalator services

Private Equity

United States

Friendly

Synopsis

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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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