American Elevator Group

From Mark Boelhouwer, whom you may have heard of from the elevator industry big splash of Vantage[GAL/Hollister Whitney/Elevator Controls/ETC] comes American Elevator Group.  Mark has a long history of M & A including working for Otis, Oracle, Vantage and now AEG.  Their current lineup includes

 

            Unitec

            Eltec

            D & D Elevator

            Standard Elevator[New Jersey]

            Kencor

            Jersey Elevator

            American Elevator & Machine Corp

            Pride and Service

            Eastern Elevator

            DC Elevator

            Dunwell Elevator

            Dura Lift

            Rite Way

 

In the last 10-20 years we have seen a tremendous amount of industry consolidation through holding companies/VC money.  This is another move for consolidation in our industry in the non union arena.  There are also some firms in the Northeast trying to duplicate this in the union market. 

I had the opportunity to get to know a lot of the key people at these companies during my time on the Board of Directors of the NAEC.  Being from Chicago where 98% of our companies are Union, it was eye opening to learn about some of the large non union firms that are across the country. What's next with this group? 

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If you have any questions or would like additional information feel free to contact me at CraigZ@colleyelevator.com or 630-766-7230 ext. 107.

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