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.
President & CEO
New York, NY - Champion Elevator is pleased to announce its acquisition of New York based Westech Elevator, a trusted provider of elevator service, repair, modernization, and inspections of elevators in the New York area. The acquisition will be the added to the foundation for Champion Elevator’s New York expansion plans. This will enhance Champion’s position as a valuable partner to building owners as a leading independent alternative to the multinational elevator companies. Champion will also provide employees the opportunities to be part of a fast-paced family culture with advancement goals. Lucas Kairdolf and Yamil Quinones are the past owners of Westech and look forward to this strategic alliance of combining talent and resources. Westech was established in 2004 and has 40+ employees and over 775 units on service. Westech is an exceptional service provider that specializes in mid-market elevators. The past owners have worked hard to deliver great service & good employment. Champion Elevator is now going to enhance the customer and employee experience for all.
Lucas Kairdolf and Yamil Quinones are the past owners of Westech and look forward to this strategic alliance of combining talent and resources. Westech was established in 2004 and has over 40 employees and over 775 units on service. Westech is an exceptional service provider that specializes in mid-market elevators and is a reliable elevator partner who could provide an amazing customer experience. The past owners have worked hard to deliver great service and good employment. Champion Elevator is now going to enhance the customer and employee experience for all.
Geographic expansion is a strategic goal for Champion Elevator as the company works diligently to increase its service base and footprint. I personally lead company operations and the acquisition efforts to help identify partnership opportunities within the industry. Champion looks for other like-minded entrepreneurs to join forces with who share our unique vision to provide the best employee experience combined with honest transparent elevator service.
Champion is not looking to be the biggest, but we want to be the best”….we will continue to build a team that is second to none and provide white glove elevator service at affordable and fair prices. Champion realizes strategic geographic expansion opportunities and has secured $100+m for future strategic growth plans. Keep a lookout for future Champion expansion!
About Champion Elevator
Headquartered in New York and Connecticut, Champion is a leader in quality elevator maintenance, repair, modernization, violation removal, testing and inspection services.
Champion services residential and commercial units from passenger to freight. Champion’s family culture combined with state-of-the-art tools and field technical expertise creates more positive references from building owners and facility managers!
Exit Plans for Elevator Companies?
If you are thinking about an exit plan or partnership opportunity – Think Champion!
Milan, 22 July, 2020 - Prysmian Group (BIT: PRY), world leader in the energy and telecom cable systems industry, today announces that it has entered into an agreement to acquire 100% of EHC Global in a transaction valued at 130 million CAD.
The transaction is subject to regulatory approvals and other customary closing conditions.
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 maintenance and installation services for escalators and moving walkways. The business is headquartered in Oshawa, Canada and has manufacturing and distribution locations in North America, South America, Europe and China. EHC Global generated revenues of 119 million CAD and an Adjusted EBITDA of more than 18 million CAD in 2019.
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 Prysmian’s Draka Elevator business, broadening its product portfolio to include a wide range of escalator products and services.
Draka Elevator offers a portfolio of over 7,000 components for the vertical transportation industry and generated more than 250 million EUR of revenues in 2019. Draka Elevator’s specially engineered cables coupled with value-added solutions such as kitting, harnessing, connectorization and globally positioned Rapid Response Units for MRO are used by all major elevator manufacturers and service providers such as OTIS, Kone, Schindler and thyssenkrupp. Draka Elevator’s products have been deployed in some of the world’s tallest and most iconic man-made structures, like The Shard in London, Dubai’s Burj Khalifa, Marina Bay Sands in Singapore, and Hudson Yards in New York.
The completion of the transaction is expected to occur during the fourth quarter of 2020.
Prysmian Group is world leader in the energy and telecom cable systems industry. With almost 140 years of experience, sales exceeding €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.
Corporate and Business Communications Director
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