Nathan D. McFadden acquires the DeVries family business to continue their successful 30-year legacy.
Nathan D. McFadden acquired Elevator Service Inc. (ESI) from Jeffrey and Ginger DeVries earlier this month. While earning an outstanding reputation for the exceptional quality of their new construction and modernization work, ESI has provided superior elevator maintenance and repair services across Michigan for 30 years.
“We are excited to pass on the torch,” said Jeffrey and Ginger DeVries who founded the company in 1987 and grew it to over 1,000 units on maintenance. “Nate will do a fantastic job leading ESI into the future while honoring the legacy we built over 3 decades.”
McFadden brings a unique skill set to his new enterprise. In the US Marine Corps, Nate served as an Infantry Officer rising to the level of Captain. He has accumulated several graduate degrees including alumni status at Harvard Business School. He joined the industry with Otis Elevator in Grand Rapids and was promoted to General Manager in 2010. In 2013, he joined Schindler Elevator as Director of Business Development for the US and held various management positions including VP & Area General Manager overseeing offices in 9 Midwestern states.
“I am thrilled to embark on this new venture”, McFadden told his new staff, “we will continue to build on ESI’s outstanding reputation and explore new markets from a position of strength and innovation, starting with the launch of our new website www.esigr.com.”
“Going through the acquisition process was a challenge I could not have mastered without the help of Maven Group,” he added. “I have known Dominik for many years and his guidance throughout the journey of negotiating and closing this deal was invaluable. Any independent company considering to sell or, like in this case, buy a business should reach out to Maven Group for advice”.
To learn more about Maven Group, LLC, please contact us directly:
Dominik Sachsenheimer (561) 225-3320, dominik@mavenequity.com
Bill Beaury (239) 253-4500, bill@mavenequity.com
www.mavenelevator.com
Maven Group is a member of the National Association of Elevator Contractors (NAEC).
