Milan, 8 January 2021 - Prysmian Group announces that it has completed the acquisition of EHC Global, leading manufacturer of strategic components and integrated solutions for the vertical transportation industry. Established in 1977, EHC Global is a leading manufacturer and supplier of escalator handrails, rollers, elevator belts, strategic components and integrated solutions for the vertical transportation industry. EHC Global also provides a comprehensive range of technical services for escalators and moving walkways, including installations. The acquisition of EHC Global is in line with Prysmian Group’s strategy to grow and reinforce its value-added businesses. EHC Global is a complementary add-on to the Group’s Draka Elevator business, broadening its product portfolio with a wide range of escalator products and services.
About Prysmian Group
Prysmian Group is world leader in the energy and telecom cable systems industry. With almost 140 years of experience, sales of over €11 billion, about 29,000 employees in over 50 countries and 106 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how. It operates in the businesses of underground and submarine cables and systems for power transmission and distribution, of special cables for applications in many different industries and of medium and low voltage cables for the construction and infrastructure sectors. For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a comprehensive range of optical fibres, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.
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Lexington, KY, and Windber, PA – American Elevator Group (“AEG”), today announced the completion of investments in Kentucky-based DC Elevator, and Pennsylvania’s Eastern Elevator, expanding their service footprint across the Eastern United States.
Founded in 1977, DC Elevator is recognized as the largest independent elevator company in the state of Kentucky, with offices in Lexington, Louisville, Hazard, and Charleston, WV, and satellite offices in Florence and Paducah.
Eastern Elevator, established in 1959, serve customers throughout Pennsylvania, Maryland, Eastern Ohio, and Northern West Virginia.
Regarding the investments, Karen Kennedy Dodds, CEO of Kencor Elevator, themselves a recent AEG acquisition, commented on behalf of AEG, saying “We have known DC Elevator and Eastern Elevator for many years, and are excited to have them become part of AEG. Their deserved reputations for quality and service will add further strength to our combined future potential, and provide their customers with an enhanced service experience.”
About American Elevator Group
American Elevator Group is a collection of trusted, highly reputable, select elevator service companies. Their key focus is to deliver exceptional customer value while covering all industry specialisms, from legacy maintenance and repair services to high-technology installations and modernizations.
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Ayr, Ontario: GMV North America today announced the launch of its official website, a new step in their efforts to improve quality of residential and commercial elevators across North America. Thus, GMV North America is working diligently to produce complete, non-proprietary elevator packages and quality online services that will support its GMV Advantage Partner network in quickly delivering high quality, non-proprietary elevator installations. Moreover, this approach will lower design and installation time by up to 40%, saving valuable time and money.
An update to the GMV North America digital experience was necessary to assist local elevator companies in designing and quoting their ideal elevator package of the highest quality. Therefore, the introduction of these digital tools offers a new way for Architects, Elevator Companies, Home Builders, and more to streamline the elevator design and construction processes.
“The introduction of GMV’s 100% complete, non-proprietary elevator packages will revolutionize the way in which local elevator companies do business.” says Rob Farrell, Managing Director at GMV North America. “Our Advantage Partner Portal will enable our strategic partners to improve the speed and quality of their quoting processes.”
Features and benefits of the GMV North America website include:
About GMV North America:
“GMV-North America creates the revolutionary residential and commercial elevator packages that you want and need. Accordingly, we work with architects, elevator installers, home builders, and more to save our clientele valuable time and money. Moreover, GMV’s purpose is to improve our industry by bringing elegant elevator products to your homes and commercial buildings, without sacrificing design or function.”
Conyers, Georgia - It is with great pleasure that the NAEC Board of Directors welcomes the new leadership team for the organization: association veteran Rená B. Cozart as our new Executive Director, and long-time NAEC manager Amanda Smith as our new Deputy Director.
Transaction creates the largest Independent Elevator Service Company in North America
November 10, 2020 02:27 PM Eastern Standard Time
TAMPA, Fla. & ATLANTA - Oracle Elevator (“Oracle”) is pleased to announce that it has joined forces with Atlanta-based Premier Elevator (“Premier”), one of the most highly respected independent elevator companies in the country. Premier has a strong presence across Georgia, Florida, North Carolina, South Carolina, and Tennessee and will further enhance the combined company’s position as the leading independent alternative to the multinational elevator companies. Wallace Bertschin, Hugh Bertschin, and Robert Barber have joined Oracle’s senior management team and will remain material owners in the combined company. Phil Reid, after 43 years in the industry, will be retiring.
Further, Oracle’s state-of-the-art training center, Oracle Technical Training Center (“OTEC”), will be relocated to Atlanta, GA allowing it to leverage the strategic resources that Premier has in place advancing its mission of technician education and development as well as best-in-class field support. The combined company is committed to maintaining a leadership position in technician education, innovation, and customer satisfaction.
Wallace Bertschin, President of Premier Elevator, said this about the transaction: “My business partners Phil Reid, Hugh Bertschin, and Robert Barber are very proud of the company and culture we have built at Premier Elevator over the last 28 years. Oracle Elevator is the perfect cultural fit for our team and we look forward to joining them to drive the next phase of growth for the combined company. The Oracle Elevator team has an impressive track record of growth and we are very happy to begin our partnership working together to build a national organization that prioritizes customer service.”
Oracle and Premier share an unwavering commitment to exceeding our customer needs. This “customer first” culture has led to being repeatedly selected as the provider of choice across industries that require 24/7/365 elevator services (“resident technicians”) including hospitals, airports, universities, e-commerce distribution facilities, and large hotels. With our expanding geographic footprint, depth of technical expertise, and flexibility provided by our merit-based labor strategy, we look forward to continuing to grow these categories of our customer base.
Paul Belliveau, CEO of Oracle Elevator, commented: “We are excited about the addition of Premier and its employees to the Oracle family. Premier’s reputation for dependable and professional service made them an ideal fit for Oracle and we are eager to embark on our future together. The Premier team has both a deep bench of strong technical knowledge and a culture of outstanding customer service. We look forward to continuing our growth together including rolling out bundled service offerings which includes automatic entrance maintenance and repair provided by the Oracle Entrance brand to Premier customers starting in 2021.”
The Premier Elevator brand will continue to be used in the Atlanta and Nashville markets. In Florida, the Company will go to market using the combined branding of Premier – Oracle Elevator. In all other current Oracle territories, the company will use the Oracle Elevator brand.
Vedder Price served as legal counsel to Oracle Elevator. Kilpatrick Townsend & Stockton LLP served as legal counsel to Premier Elevator.
About Oracle Elevator
Based in Tampa, Florida, Oracle is the largest independent provider of elevator maintenance, repair, and modernization services operating across 46 markets in 21 states by serving the owners and managers of airports, universities, hospitals, and premier properties. Oracle’s world-class corporate infrastructure, combined with its state-of-the-art OTEC technician training and support facility, provide a compelling reason for building owners and facility managers to partner with Oracle. The company is backed by family office investors in partnership with employee shareholders. For additional information, please visit www.oracleelevator.com.
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