Standard Elevator Systems (SES), a leading manufacturer and provider of products and solutions for elevators, escalators and moving walks, today confirmed the acquisition of New Jersey-based McIntosh Industries Inc., the trusted name in the rebuilding, repair and service of elevator motors and machines. The existing McIntosh Industries team, led by Peter McIntosh, Sr. and Pete McIntosh, Jr., will remain in place.
“We are excited to have McIntosh Industries join the SES family and welcome Peter and Pete to the leadership team,” says Sterrett Lloyd, Chief Executive Officer of SES. “As an integral part of our Technical and Field Services business pillar, the addition of McIntosh Industries underscores our commitment to continued growth, diversification and serving the growing technical and specialized needs of the elevator and escalator industry under one roof.”
“We are thrilled to be part of SES and look forward to building upon the relationships and legacy built over the past 30 years,” says Peter McIntosh, Sr., Founder and Co-Owner of McIntosh Industries. “We share similar values and the relentless commitment to exceeding the expectations and ensuring the success of our people and customers.”
He added, “We were adamant to engage Maven Group as our sell side advisor based on various recommendations from renown industry veterans – and yet the Maven team far exceeded our already high expectations from day one until closing. This transaction could have derailed at various junctions of the process, but Maven Group’s thoughtful interventions kept us all on track. We really couldn’t have closed this deal without them, so the entire McIntosh family and I simply want to say: Thank You!”
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
About Standard Elevator Systems
Standard Elevator Systems (SES) is a leading provider of Components and Systems, Monitoring and Performance Management Solutions, and Technical and Field Services for elevators, escalators and moving walks. Headquartered in Memphis, Tennessee, the SES family of businesses and brands includes Standard Elevator, EMI Porta, ZZIPCO, Texacone, Elevator Equipment Company (EECO), and Integrated Display Systems (LiftNet). SES has manufacturing and distribution facilities in California, Illinois, Indiana, New Jersey, New York, Tennessee, and Texas. For more information, visit www.standard-elevator.com.
About McIntosh Industries
For more than 30 years, McIntosh Industries has been the trusted name in the rebuilding, repair and service of elevator motors and machines. McIntosh’s comprehensive portfolio of technical services includes NitroClean™, motor analysis and dynamic testing, onsite gearless traction rewinding and machining, and a fullservice motor rewind and machine shop. NitroClean™ is an onsite process that uses a combination of inert and non-flammable gas, with electronically-safe and environmentally-friendly cleaners which removes carbon, dust, grease and foreign materials from the internal components of electrical equipment. NitroClean™ provides service companies and end-users with tremendous savings, and extended machine life, by eliminating the costly expense of disconnecting, removing and shipping the equipment to a repair facility for reconditioning. McIntosh also maintains a large inventory of motors and machines from small motor-generator sets to the largest gearless machines. For more information, visit www.mcintoshindustries.com.
