DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, South Florida Elevator Service to American Elevator Group. The acquisition closed July 1, 2021.
Located in Miami, Florida, South Florida Elevator Service (SFES) specializes in affordable solutions for client’s vertical conveyance needs. The Company offers a Preventive Monthly Maintenance Control Program (MMCP) with a job specific design, which keeps client’s equipment in working and reliable condition. With the MMCP, SFES ensures clients that it will prevent unexpected elevator major repair expenses, as well as the liability of accidents. As its name suggests, SFES serves all areas in the South Florida Region from Key West to West Palm Beach.
American Elevator Group (AEG), is a collection of well-established elevator service companies operating across the United States. The group features renowned brands such as D & D Elevator, Kencor Elevator, Jersey Elevator, and Unitec. AEG has developed a significant footprint in the elevator industry, and is in a continuous state of growth.
President and CEO of SFES Emilio Paneca welcomed the investment from AEG, commenting “Although we are a relatively young business, now is the time to accelerate and capitalize on our growth opportunities. The strength and resources available to us through AEG will guarantee that we quickly achieve our true potential.”
Robert Schaeffer, CEO of D & D Elevator, who will be assisting Emilio and SFES Vice President Armando Amat, welcomed SFES to AEG, saying “I am excited we have been able to include SFES within our portfolio of the nation’s best service operations. AEG acknowledges the potential for strong business development in Florida, and with SFES and other quality businesses that we expect to join us soon, we will continue to grow apace.”
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior Managing Director of Mergers and Acquisitions, Terry Mackin, with the support of Vice President, Mergers & Acquisitions, Tristan Keeffe, successfully closed the deal. Senior Managing Director James Carr established the initial relationship with SFES.
“It took a big effort from the entire team to get this deal closed as quickly as we did," said Mackin.
Mackin added, “And special thanks to Joe Delisle from the Atlanta office of Miller Martin LLP for his immediate attention and dedicated work to get this to the finish line in near record time!"
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and 2020 Valuation Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.