Acquisition Underscores Hyperion’s Commitment to Expanding Technical Services Offerings to Vertical Transportation Industry
Hyperion Solutions (“Hyperion”), a premier integrated provider of Systems & Components, Digital Solutions, and Technical Services for the Vertical Transportation industry today confirmed the acquisition of Titan Machine Corp. (“Titan Machine”). Since 1973, Long Island City, NY based Titan Machine has been a leader in furnishing new elevator and hoistway equipment and providing a unique blend of custom machine and repair services to the elevator industry.
“We are excited to introduce Titan Machine as the newest member of the Hyperion family and welcome Carlos Escobar to the leadership team,” says Sterrett Lloyd, Chief Executive Officer of Hyperion. “As an integral part of our Technical Services business sphere, the addition of Titan Machine reinforces our commitment to continued growth, innovation, and delivering an exceptional experience for our customers under one roof.”
“We are thrilled to be part of Hyperion and in the company of such respected and trusted brands in the industry,” says Carlos Escobar, Owner of Titan Machine. “For almost 50 years, Titan Machine has built a solid reputation and loyal customer base by delivering solutions that not only meet but exceed the expectations of our customers. We share the same relentless commitment to providing an elevated experience and ensuring the success of our people and customers.”
The new Hyperion company and family of brands will be formally introduced to the vertical transportation industry at the 2022 National Association of Elevator Contractors (NAEC) convention, which takes place at the Kentucky International Convention Center in Louisville, KY from September 17 to 21. Visit Hyperion and Titan Machine at booth number 1338.
Maven Group, LLC facilitated the transactions on behalf of Titan Machine. Carlos Escobar added, “Maven Group became an invaluable asset for my team during this process. Selling a family business to a seasoned team of private equity professionals can be overwhelming. Dominik Sachsenheimer functioned as my constant sounding board, helped me, my family, and my accountant on many of the diligence streams, advised on contract terms, calmly provided the 30,000ft perspective when minutiae became hotly contested, and ultimately pushed all the right buttons to move this transaction across the finish line”
To learn more about Maven Group, LLC, please contact us directly:
Dominik Sachsenheimer (561) 225-3320, dominik@mavenelevator.com
Bill Beaury (239) 253-4500, bill@mavenelevator.com
www.mavenelevator.com
About Hyperion Solutions
Hyperion Solutions (Hyperion) connects trusted and respected brands to create the premier integrated provider of Systems & Components, Digital Solutions, and Technical Services for the Vertical Transportation industry. Headquartered in Memphis, Tennessee, the Hyperion family of brands includes Elevator Equipment Company (EECO), EMI Porta, Integrated Display Systems (LiftNet), McIntosh Industries, Standard Elevator Systems (Torin Drive North America), Texacone, Titan Machine, Vator Accessories, and ZZIPCO. Hyperion has manufacturing and distribution facilities in California, Illinois, Indiana, New Jersey, New York, Tennessee, and Texas. For more information, visit www.hyperion-solutions.com
