TEI Group, a leader in comprehensive elevator services in the New York Metropolitan Area and the US Southeast region, is pleased to announce the acquisition of TAKA Elevator, an independent provider of elevator services based in Orlando, Florida. Maven Group facilitated the transaction as buy side advisor to TEI Group.
Only a year operating in the Southeast market, TEI Group has been thoughtfully expanding its imprint and building a name for itself in the region. The strategic pairing of TEI Group and TAKA Elevator marks a significant industry milestone. TAKA Elevator, known for its top-notch customer service, brings a strong reputation, customer base and practices. Its management team’s 50+ years of combined experience in installing, modernizing and servicing elevators throughout Florida has enabled the company to flourish since its inception.
“Mary and Patrick Lalchandani have built an outstanding company with a stellar reputation. They look forward to expanding their capabilities within the TEI Group. Mary and Patrick will report directly to Southeastern Regional EVP Chad Posey. Current field personnel have been evaluated and will remain on the team becoming IUEC members,” says Mark Gregorio, President of TEI Group.
“I am extremely proud of the business we have built at TAKA over the last 13 years,” says Patrick Lalchandani, President of TAKA Elevator. “I believe that treating people right, both team members and customers alike, and performing quality, safe installation, repair and service is the key to a successful business. After meeting with Chad and Mark, TEI and TAKA’s aligned values and vision make this union a resounding yes.”
Dominik Sachsenheimer, President of Maven Group, added” It was great to see that two former customers of Maven Group have joined forces in this transaction and re-engaged with our team based on their positive experience in the past. Uniting these key industry players creates a tremendous new opportunity for building owners in the greater Orlando area.”
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 TEI Group:
Today, TEI Group has grown its business to over $150M within the New York Metropolitan market, while maintaining its core values of safety, integrity and quality. With the addition of TAKA Elevator, TEI Group plans to combine resources and expertise to provide innovative solutions that will meet the evolving needs of the customers and lead it closer to achieving monumental success in the Southeast. to learn more: www.teigroup.com
