Acquisitions speed up Oracle’s development and additional broaden nationwide footprint
TAMPA, Fla.–(BUSINESS WIRE)–February 13, 2018–
Oracle Elevator (“Oracle” or the “Company”) is happy to announce the completion of 4 acquisitions along with the beforehand introduced acquisitions of Daytona Elevator and Florida State Elevator earlier in 2017. All six acquisitions accomplished inside the final ten months present elevator upkeep, restore and modernization providers and can improve Oracle’s place because the main unbiased various to the Big Four elevator producers. Specifically, the Company is worked up to announce the acquisition of SCS Elevator (Florida), Texas Independent Elevator and Premier Elevator Services (Texas), and Triangle Elevator (North Carolina).
The acquisition of SCS Elevator additional expands Oracle’s footprint in central and south Florida, and the operations can be added to the Company’s present branches in Orlando, Tampa, and Palm Beach. As talked about above, earlier in 2017 we introduced the acquisition of Daytona Elevator and Florida State Elevator rising our density within the Florida area. The acquisitions of Texas Independent Elevator and Premier Elevator Services will improve Oracle’s presence within the Dallas Fort Worth area. Oracle additionally accomplished an acquisition in North Carolina, Triangle Elevator, and can open its second workplace in North Carolina because it seeks to broaden its geographic footprint.
“Our workforce is thrilled to welcome these nice corporations to the Oracle platform,” mentioned Paul Belliveau, President and CEO of Oracle Elevator. “These acquisitions will strengthen our market place in our main territories, Florida and Texas, whereas additionally increasing our protection into new areas with the opening of our Oklahoma City and Raleigh-Durham branches. Further, these acquisitions add high quality technicians to our workforce and can additional reinforce our mission to offer best-in-class customer support and help.”
With 25 branches throughout 13 states, Oracle is the most important unbiased supplier of elevator upkeep, restore, and modernization providers throughout all main manufacturers of kit. Since its founding, Oracle has accomplished 23 acquisitions of unbiased elevator corporations. Oracle’s world-class company help capabilities mixed with its deliberate state-of-the-art coaching facility present a compelling cause for unbiased elevator corporations to accomplice with Oracle. Acquisitions stay an necessary think about Oracle’s aggressive nationwide growth technique to develop into a professional various to the Big Four OEMs.
“We are extraordinarily pleased with the execution of the Oracle administration workforce and their capacity to speed up our development and geographic protection by strategic acquisitions,” mentioned Sean Barrette, Partner at L Squared and Oracle Board Member. “Our objective is to be the accomplice of selection for unbiased elevator corporations when it’s time for them to pursue a sale. We proceed to be dedicated to offering the required capital to aggressively pursue acquisitions to reinforce Oracle’s place because the main unbiased elevator upkeep, modernization and restore firm.”
About Oracle Elevator
Oracle Elevator is the main unbiased non-union supplier of elevator upkeep, restore, and modernization providers throughout all main manufacturers of kit. The Company was based in 2004 and at the moment operates 25 department areas throughout 13 states. Oracle is backed by household workplace buyers in partnership with worker shareholders. For extra data, please go to www.oracleelevator.com.
President & CEO
This article sources data from VentureBeat