Miami, FL, July 1st, 2021 – American Elevator Group (“AEG”), today confirmed their investment in South Florida Elevator Service Corporation (“SFES” or “the Company”), the second of several anticipated acquisitions throughout Florida and the Southern United States, following their earlier acquisition of St. Petersburg-based Right Way Elevator in April 2021.
Established in 2015, SFES provides their full range of services across the South Florida region, with particular emphasis on maintenance, repairs, violation corrections and new equipment installations.
President and CEO of SFES Emilio Paneca welcomed the investment from AEG, commenting “Although we are a relatively young business, now is the time to accelerate and capitalize on our growth opportunities. The strength and resources available to us through AEG will guarantee that we quickly achieve our true potential.”
Robert Schaeffer, CEO of D & D Elevator, who will be assisting Emilio and SFES Vice President Armando Amat, welcomed SFES to AEG, saying “I am excited we have been able to include SFES within our portfolio of the nation’s best service operations. AEG acknowledges the potential for strong business development in Florida, and with SFES and other quality businesses that we expect to join us soon, we will continue to grow apace.”
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.