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New Deal


Announced

Completed

3Phase Elevator completed the merge with Halley 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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Merger

United States

Completed

Friendly

Single Bidder

Domestic

Acquisition

Machinery: Specialty

elevators

Private

Synopsis

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3Phase Elevator, a elevator and escalator services provider, completed the merge with Halley Elevator, a family-owned elevator company. Financial terms were not disclosed. “In the Northeast, New Hampshire has always been an important growth initiative for 3Phase. Halley gives us the expertise and experience to improve service in that market and find ways to expand even further into Northern New England. After spending time with Jeff and Frank, it was clear they share the same commitment to customers and service as 3Phase,” Mike Strachan, 3Phase Elevator CEO.

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