Forms the leading national independent union elevator services company.

3Phase Elevator (“3Phase”), a leading independent elevator and escalator services provider in the eastern United States, and Specialized Elevator Services Holdings (“Specialized”), California’s leading independent elevator service provider, announced their merger today, creating the largest nationwide independent union elevator services company in the United States. Existing 3Phase investor Berkshire Partners has made a strategic growth investment in the combined company, including acquiring CIVC Partners’ stake in Specialized. Both companies’ management teams are investing significantly in the transaction. Other terms were not disclosed.

Specialized Elevator Services Holdings operates under the brand names Specialized Elevator, 24 Hour Elevator, and San Francisco Elevator. The existing management teams of both 3Phase and Specialized will remain in place, including Donovan McKeever, founder of San Francisco Elevator and current President of Specialized. McKeever will continue to serve as President of Specialized, a division of 3Phase Elevator, and will be responsible for leading the company’s western markets.

Read the full press release here.

CONTACT INFORMATION

SARAH KULKA
press@berkshirepartners.com