We are pleased to announce the sale of our 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 clients’ 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!"
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Engineering, Contracting & Construction M&A Deals page.
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
Generational Equity, LLC’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables Generational Equity to serve you more efficiently and makes it more convenient for you to do business with Generational Group. Generational Equity is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Honored to win Investment Banking Firm of the Year 3 years running.
Over 50 awards and counting.
Sign up to receive regular email updates, industry-leading insights and details on complimentary M&A executive conferences in your area from our award-winning team
Success, you have been added to our list.