Elevator Service LLC (ESI), a leading elevator service provider in the Midwest and based in Grand Rapids, today announced it has acquired Express Elevator in Milwaukee, making it the largest independent elevator services provider in Michigan and Wisconsin.
“Our combined companies will leverage Express’s strong team of field mechanics and brand, along with ESI’s resources and administrative capabilities, as we accelerate growth across Wisconsin,” says Brett McCay, president of ESI.
“We will continue to provide world class service to Express’s customers and make sure Express is the employer of choice for talented union mechanics in the market, just as ESI has done in its home market in Michigan.”
Express Elevator has nearly 20 years of experience serving the greater Milwaukee market, and the brand and field service team will remain unchanged. Founded in 2003, the company has grown due to its commitment to providing excellent service to more than 350 customers.
Express provides preventative maintenance and testing, repairs, and elevator modernizations. In 2008, it acquired Alltech Elevator based in Waukesha, Wisc.
ESI completed its acquisition with financial support from Carrol Capital, a Greenwich, Conn.-based family office, which made an investment in the company in 2019.
“Our support of ESI’s acquisition of Express demonstrates Carroll Capital’s commitment to develop ESI into a leading elevator service platform,” says Brian F. Carroll, managing partner of Carroll Capital.
“We will provide Brett and the Express team with the resources they need to execute their growth strategy in Wisconsin, and we will continue to provide capital and support for additional acquisitions in other attractive markets.”
Since 1987, ESI has performed elevator maintenance, repair, modernization, installation, and testing required by the state of Michigan to the commercial and residential markets.
“I am excited about Express’s future as part of ESI’s platform,” says Bob Young, founder of Express Elevator. “I have full confidence that Brett and the ESI team will continue to take care of Express’s loyal customer base and field mechanics in the years ahead.”