Dear Friends,
Among all those endless emails contemplating “the year in review”, this is undoubtedly the one you have been awaiting most anxiously…
Maven Group is proud to look back at a year of 7 closed transactions in the elevator industry across 14 states. 6 of these transactions were publicly announced.
In January, two of our former customers joined forces: we had previously supported TEI Group during their landmark transaction with Anlev in 2020, and we helped Taka Elevator in a partnership with Kone in 2019. The current transaction in 2025 saw TEI Group acquire Taka, which moved a Floridian non-union seller under the wing of a unionized buyer headquartered in New York City. Maven Group supported the deal as advisors to TEI.
Speaking of happy repeat customers: Urban Elevator had engaged Maven in 2020 to partner with a minority investor, and again in 2023 to divest their operation in Florida. In 2025, we supported Urban in a transaction with OTIS Elevator including 8 branch offices in CA, AZ, CO, TX, TN, MN, WI, and DC, which marked one of the largest acquisitions Otis has closed in the US in recent decades. Urban Elevator will continue to operate under independent ownership in and around Chicago, IL.
Throughout the year, we represented 2 companies in and around Washington, DC who both found a new home with Action Elevator backed by H.I.G. Capital. Maven Group had provided regular consulting services to both sellers for many years while they grew their respective businesses: up and coming Gen-L Elevator and well-established Elevator Technologies, Inc (ETI). While at different stages of their journeys, both ownership groups saw the opportunity to partner with a larger platform as a way to expedite growth, and to broaden their service offerings.
In April, we facilitated a transaction in Southern Florida between our client Evolution Elevator & Escalator and the fast-expanding Axxiom Elevator backed by Gauge Capital. Evolution was the fourth company acquired by Axxiom through Maven Group’s consulting efforts since 2023.
And most recently, American Elevator Group and Arcline Capital Partners acquired our client Mid-America Elevator Co., Inc., an almost mythical service provider who has been dominating the Indianapolis market for 45 years. It was truly an honor to represent elevator legend Ron Selke and his family in this transaction, and it was a pleasure to reunite with American Elevator Group in their rekindled M&A efforts.
In summary, we represented non-union and unionized sellers alike, while also displaying our capabilities as buy side advisors. We pride ourselves on listening to the specific and often unique goals of our clients before we develop strategies for them to uncover the whole depth of the market. Consequently, our customers formed new alliances with a wide range of partners: elevator service platforms backed by private equity investors, large independent consolidators, and international conglomerates like Otis.
Although unhatched chickens should remain uncounted, 2026 promises to become yet another exciting year for Maven Group with an active pipeline and continued interest in growth via mergers and acquisitions by a multitude of consolidators and investors in the elevator industry.
On an internal note, 2025 was our second year partnering with Cornell University on a summer internship, a program we plan to extend in 2026. And last but certainly not least, I am very pleased to announce that my longtime partner Bill Beaury has decided to extend his tenure with Maven Group in an adjunct advisory role, while our Director Carson Bombara will continue to quarterback all our transaction-related activities.
I wish you all happy holidays and hope you enjoy some time with family and loved ones.
All the best to you and yours, we’ll see you on the other side!
Dominik Sachsenheimer
