Action Elevator (“Action”), a premier independent elevator services company in the Mid-Atlantic, is pleased to announce the acquisition of Century Elevator (“Century”), a leading provider of elevator services in the Greater Washington D.C. market. Century provides elevator maintenance, repair, and modernization services to customers in MD, DC and VA. Century’s founders Charlie and Clarisse Choux will support the Action team throughout the upcoming months to ensure a smooth transition for customers and employees alike. Terms of the transaction were not disclosed. Maven Group served as financial advisor to Century Elevator.
John Marshall Sr., CEO of Action Elevator, commented, “We recently announced our partnership with H.I.G. Capital to ignite Action’s next phase of growth. The acquisition of Century Elevator is the first of many steps within our newly invigorated M&A strategy. I am thrilled to partner with a like-minded elevator company such as Century that has been servicing customers in the tri state area for over 30 years. Both our companies have established a first-rate reputation in the marketplace by focusing on customer satisfaction, and by creating a work environment that attracts top talent.”
Charlie and Clarisse Choux remarked: “After successfully running our business for over three decades in one of the most challenging elevator markets in the country, we are excited that our long-term employees and customers found a new home with Action Elevator. Action has a proven track record of delivering the highest quality elevator services to its customers.”
Charlie and Clarisse Choux added: “We first contacted Maven Group in 2017, well before we ever considered parting with our company. Their team treated all our conversations with the highest level of confidentiality. When we decided to go to market, Maven Group introduced us to a wide range of interested buyers, helped us compare various intriguing offers, and guided us through the negotiations with Action until the day the deal closed. We truly appreciate the long-term cooperation and thank Maven Group for a job well done!”
To learn more about Maven Group, LLC, please contact us directly:
Dominik Sachsenheimer (561) 225-3320, dominik@mavenelevator.com
Carson Bombara (860) 899-8545, carson@mavenelevator.com
Bill Beaury (239) 253-4500, bill@mavenelevator.com
www.mavenelevator.com
About Action Elevator:
Action Elevator is a regional independent elevator services company serving building owners and property managers throughout the Mid-Atlantic region. The Company offers maintenance, repair, and modernization services that are critical to the operational safety and uptime across the elevator lifecycle. For more information, please visit actionelevator.com.
