About Elevator Service
Elevator Service is a company based in Grand Rapids (United States) founded in 1987 was acquired by Carroll Capital in October 2019. It operates as a Professional Services. Elevator Service has completed 5 acquisitions, including Allrise Elevator Company, Bounds Elevator and Metro Elevator. Elevator Service offers products and services including Construction, Modernization, Maintenance, Repair, and Testing. Elevator Service operates in a competitive market with competitors including Schindler, KONE, TK Elevator, Savaria and ATIS Elevator Inspections, among others.
- Headquarter Grand Rapids, United States
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Sectors
Business Services
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Phone
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Website
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Social
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- Legal Name Elevator Service Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Allrise Elevator Company
& 4 more
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Acquired by
Carroll Capital
(Oct 08, 2019)
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Products & Services of Elevator Service
Elevator Service offers a comprehensive portfolio of products and services, including Construction, Modernization, Maintenance, Repair, and Testing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
New elevator systems are designed and installed professionally.
Existing elevators are upgraded for efficiency and modernity.
Regular maintenance is provided for safe elevator operation.
24/7 repair services are offered for elevator issues.
Compliance testing is conducted for elevator safety standards.
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Funding Insights of Elevator Service
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Elevator Service
Elevator Service has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Carroll Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A family office focused on building high-growth businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Elevator Service
Elevator Service has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Allrise Elevator Company, Bounds Elevator and Metro Elevator. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Elevator installation, maintenance, and modernization services are offered.
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2014 | ||||
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Maintenance, repair, upgrades, and modernization for commercial elevators are offered.
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1990 | ||||
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Elevator repair and maintenance services are provided nationwide.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Elevator Service
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elevator Service Comparisons
Competitors of Elevator Service
Elevator Service operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Schindler, KONE, TK Elevator, Savaria and ATIS Elevator Inspections, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Elevator maintenance and repair services are provided worldwide.
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| domain | founded_year | HQ Location |
Elevators, escalators, and maintenance services for buildings are provided.
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| domain | founded_year | HQ Location |
Management consulting, business, and infrastructure services are provided.
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| domain | founded_year | HQ Location |
Lifts and elevators are manufactured and supplied by Savaria.
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| domain | founded_year | HQ Location |
Provider of premier elevator inspection services
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for vacuum home lifts and residential elevators.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Elevator Service
Frequently Asked Questions about Elevator Service
When was Elevator Service founded?
Elevator Service was founded in 1987.
Where is Elevator Service located?
Elevator Service is headquartered in Grand Rapids, United States. It is registered at Grand Rapids, Michigan, United States.
What does Elevator Service do?
Elevator Service Inc is engaged in delivering comprehensive elevator solutions across Michigan. Services are offered for both commercial and residential clients, covering routine maintenance, repairs, modernization, new installations, and state-required testing. Operations are focused on ensuring safety, efficiency, and minimal disruption in sectors like office buildings, apartment complexes, and private residences. Customized service plans are developed to meet unique building needs, with a commitment to quality and customer satisfaction.
Who are the top competitors of Elevator Service?
Elevator Service's top competitors include KONE, TK Elevator and Schindler.
What products or services does Elevator Service offer?
Elevator Service offers Construction, Modernization, Maintenance, Repair, and Testing.
How many acquisitions has Elevator Service made?
Elevator Service has made 5 acquisitions, including Allrise Elevator Company, Bounds Elevator, and Metro Elevator.
Who are Elevator Service's investors?
Elevator Service has 1 investor. Key investors include Carroll Capital.