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Published: 10 November 2020

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.

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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.

Contacts

Paul Belliveau
President & CEO
Oracle Elevator
(813) 327-4210
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Published: 08 October 2020

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!

For additional information, please visit www.champion-elevator.com  See our MISSION statement for a basic feel for our culture!

Exit Plans for Elevator Companies?

If you are thinking about an exit plan or partnership opportunity – Think Champion!

For a confidential and complimentary conversation and evaluation feel free to contact Donald Gelestino – This email address is being protected from spambots. You need JavaScript enabled to view it. or 646-207-8517.

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Published: 31 July 2020

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

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.

Media Relations
Lorenzo Caruso
Corporate and Business Communications Director
Ph. 0039 02 6449.1
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Published: 08 July 2020

Brussels, July 7th, 2020 - On the occasion of the Micro-, Small and Medium-sized Enterprises Day, June 27th, EFESME wants to take this opportunity to celebrate and highlight the fundamental role that MSMEs play in the economic fabric of the continent, as well as the constant and only commitment of the Federation to protect and defend European lift MSMEs, their needs and their interests.

EFESME with all its members is proud to declare that the European Federation has been successfully representing for many years the lift MSMEs without any conflict of interest, and that its aim is solely and exclusively their representation and protection. The Federation proudly recognises the importance of lift MSMEs for the sector and its economy, as they represent the overwhelming majority of the companies involved in the sector, both in terms of maintenance and installation of complete lifts and in terms of production of their specific components.

The EFESME Members, representing 14 European states spread across the continent, and the Federation as a whole also want to underline on this important occasion their firm intention to continue to be the voice of the European MSME lift industry vis-à-vis the political, legislative, and regulatory Institutions within the European Union and abroad, in the arenas that matter, and with the most different actors, and to fight the fundamental battles to ensure the prosperity and success of lift MSMEs across the continent and beyond.

EFESME - EUROPEAN FEDERATION FOR ELEVATOR SMALL AND MEDIUM-SIZED ENTERPRISES aisbl
6, Rond-Point Schuman - 7th Floor c/o Confartigianato Imprese - B-1040 Brussels
Tel: +32 2 2307414 - E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. - www.efesme.org

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Published: 11 June 2020

May 11, 2020 (Oshawa, Canada) ─ EHC Global (EHC) is pleased to announce the donation of ten thousand dollars in support of Feed the Need in Durham, an Oshawa-based charitable organization that works with member agencies to distribute meals to those in need throughout Durham Region. Responding to the immediate need of local food banks for funding to offset the significant drop in food donations, employees at EHC’s global headquarters and manufacturing facility in Oshawa swiftly organized and kicked off a successful two-week fundraising campaign. From the onset, many managers also challenged one another in matching or even doubling the contributions of their respective departments. Inspired by the efforts and generosity of EHC employees as well as their lifelong ties to Oshawa and Durham Region, Ronald Ball, Founder and Chairman, and Jeno Eppel, President and Chief Executive Officer, each doubled what the staff raised through their fundraising efforts.

“Since our humble beginnings over forty years ago, EHC has always been committed to helping to make the world a better place by supporting the communities that we work in, live and serve around the world,” says Ronald Ball, Founder and Chairman. “We truly appreciate the tireless efforts and recognize the immediate positive impact that Feed the Need in Durham staff, partners and volunteers have had and continue to have throughout Durham Region, especially at this time of unprecedented need.”

Feed the Need in Durham believes that hunger should not prevent anyone from fulfilling their potential or participating fully in the life of our community. It is their mandate to work with their member agencies to alleviate hunger by providing fresh, frozen and non-perishable food to those who need it most in our community. Feed the Need in Durham is a unique and innovative organization, founded through collaboration, with a focus on collective impact. Working with 57 emergency food providers and 5 school nutrition programs across Durham, they were able to distribute 1.22 million meals in 2019 to those in need in our community, supporting 37,750 visits each month, 40% of whom are children.

“FTND would like to thank EHC Global and their entire staff team for this generous contribution to our work, at this extraordinary time” says Ben Earle, executive director of Feed the Need in Durham. “The generosity of our corporate partners and their employees provides a great example of the spirit of our community. We thank the entire EHC team for their support of our bulk food purchasing program and for making a significant impact on hunger in our community.   At this time of great need this program allows us to purchase in bulk, the specific items most needed and requested by our network of emergency food providers.”

“I am proud and inspired by the compassion, generosity and relentless determination of EHC staff and our employee and social committees in Oshawa and around the world,” adds Jeno Eppel, President and Chief Executive Officer. “EHC regularly supports local organizations and relief efforts through corporate donations, employee-led fundraising campaigns, volunteerism, food and toy drives, and voluntary payroll deduction programs. In addition, EHC has continued to respond to the growing shortage of Personal Protection Equipment (PPEs) in Durham Region by donating thousands of masks and gloves to local charities and long-term care providers including Durham Mental Health Services, Pinecrest Nursing Home, and Seasons Clarington Retirement Community.”

About EHC Global Inc.

Established in 1977, EHC Global Inc. (EHC) is a leading manufacturer and supplier of handrails, rollers, safety brushes, elevator belts, strategic components, and integrated solutions to the vertical transportation industry. EHC also provides a comprehensive range of technical services to OEMs including field-splicing, Service+, project management and assembly, installation, removal, and modernization of escalators and moving walks. Each day, EHC helps millions of people all over the world move safely and comfortably in public transit systems, airports, office buildings, convention centers, shopping centers, hospitals, condominiums, and other urban spaces. EHC is committed to developing sustainable solutions that optimize safety, enhance value, and meet the challenging demands of OEMs, designers, building owners, and facility managers. To accomplish this, EHC employs top material scientists and engineers and continues to invest in R&D, product development, and next-generation polymer and composite extrusion technology. EHC has manufacturing and distribution facilities in Canada, Germany, Spain, France, Brazil, and China and a global network of sales offices including Mexico, Slovakia, United Kingdom, Turkey, and the USA as well as EHC partners in all major markets globally. For more information about EHC, visit http://www.ehc-global.com/.

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Media Contacts:
John M. Calderón, Director of Marketing
EHC Global
1287 Boundary Road, Oshawa, ON L1J 6Z7 (Canada)
O: 905-432-6600, Ext. 217
M: 647-456-7547
http://www.ehc-global.com/
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Robyn McKibbon, Community Engagement Coordinator
Feed the Need in Durham
371 Marwood Drive, Oshawa, ON L1H 7P8 (Canada)
O: 905-571-3863
https://feedtheneedindurham.ca/
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