American Elevator Group (“AEG”), today confirmed the acquisition of American Service Group (“American Service” or “the Company”). Established in 1996, American Service specializes in providing a comprehensive range of rack and pinon elevator solutions and maintenance services, supporting industries including power generation, cement production and high-rise construction throughout the Midwest, Eastern and Southern United States.
Recently appointed American Service President Bill Lawson, a seasoned elevator industry professional, welcomed the acquisition and the opportunities it provides, saying “American Service is a well-regarded business, operating within a niche part of the larger elevator marketplace. Supporting industrial plants that must operate continuously is a demanding, but highly rewarding business. Now, with the support of American Elevator Group, we have the resources available to expand American Service Group’s services across the entire country.”
C. Mark Boelhouwer, AEG’s President added “American Service joining AEG increases our ability to better serve customers with a wider portfolio of services. A bonus for us will be the ability to offer our traditional elevator services alongside American Service, with shared facilities planned for Houston, Texas and other locations yet to be confirmed.”
American Service Group’s former President Tom Thatcher further stated, “Maven Group’s support during this transaction was invaluable: Their team initiated a very efficient marketing process tailored to our unique situation as service provider for industrial elevators. After receiving various attractive offers, Maven Group helped us select the best partner and competently guided us through the diligence process until closing while being available for questions and advice 24/7. We thank everyone involved for facilitating this transaction in such a professional manner.”
To learn more about Amercian Elevator Group: www.americanelevator.com
To learn more about American Service Group: www.asgelevators.com
Please contact Maven Group at (561) 225-3320 or (239) 253-4500 or visit www.mavenelevator.com.
