American Elevator Group (“AEG”), today confirmed their investment in Trenton Elevator Company (“Trenton” or “Trenton Elevator”), expanding AEG’s representation throughout New Jersey, alongside Jersey Elevator and fellow AEG businesses Dura-Lift Elevator, Kencor Elevator and Pride & Service Elevator.
A family business incorporated in 1934 to serve central New Jersey, Trenton provides a variety of services including new installations of both commercial and home elevator solutions, maintenance, and repairs, specializing in the support of elevators of any type, size, or age.
Dennis Lotter, recently appointed President of Jersey Elevator, will be working closely with Trenton and welcomed their President James Loesch to AEG. “I am delighted to welcome James and his experienced team to American Elevator Group,” said Lotter. “Together we will continue to broaden AEG’s service offerings in the New Jersey elevator market.”
AEG President Bryan Clairmont, commenting on behalf of the group, added “Trenton Elevator is a well-respected and valuable addition to our portfolio, and this investment reaffirms our ongoing commitment to the expansion of our coverage nationwide.”
Jim Loesch, President of Trenton Elevator, added „I want to thank Maven Group for their support during this process. As a business owner challenged with so many daily demands from customers and employees, I couldn’t have completed this transaction without professional advice. Maven Group’s Carson Bombara helped me organize my financial records and guided me through due diligence and purchase agreement negotiations, all the way to the finish line on closing day.“
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
