American Elevator Group Acquired Port Elevator - Industry Today - Leader in Manufacturing & Industry News
 

June 2, 2022 American Elevator Group Acquired Port Elevator

AEG confirmed its acquisition of Pennsylvania-based Port Elevator. The brings the total number of AEG business units to 18 nationwide.

elevator repair

New York City – American Elevator Group (“AEG”), one of the fastest-growing groups of select and experienced elevator service providers in the United States, today confirmed its acquisition of Pennsylvania-based Port Elevator. This acquisition expands AEG’s presence throughout central Pennsylvania, in addition to AEG businesses Kencor Elevator and Eastern Elevator and brings the total number of AEG business units to 18 nationwide.

Originally incorporated in 1975, and subsequently acquired by Jerry Rexer in 1985, with offices in Williamsport and Harrisburg, PA, Port offers a complete range of services including maintenance, repairs, violation corrections and non-proprietary new equipment installations.

Jerry Rexer, President of Port Elevator, who will assume a consultative role following the acquisition, commented “Port has been a true family enterprise and I am delighted that my sister Laura Paulauskas, working alongside husband Steve Paulauskas, will enjoy the development opportunities our membership of AEG will bring to the business.”

“Port Elevator is a valuable addition to AEG, as we continue to expand and accelerate our service coverage nationwide,” said C. Mark Boelhouwer, President of American Elevator Group.

Lift Business Advisors, Inc. facilitated the transactions on behalf of Port Elevator.

About American Elevator Group
Founded in 2020, American Elevator Group (AEG) is the largest independent elevator service provider in North America. The group consists of independent elevator companies that deliver local expertise and customer service across 21 states. Backed by significant resources in safety, finance, technology, marketing, and operations, the group is in a continuous state of growth. For more information on AEG, visit www.americanelevator.com

Media Contact:
Linda Healan, Warner Communications
linda@warnerpr.com
404-725-7117

 

Subscribe to Industry Today

Read Our Current Issue

Hire Heroes USA: Channeling Veteran Skills to Power U.S. Manufacturing

Most Recent EpisodePMI Pulse: Navigating Contraction with ISM’s Susan Spence

Listen Now

Tune in for a timely conversation with Susan Spence, MBA, the new Chair of the ISM Manufacturing Business Survey Committee. With decades of global sourcing leadership—from United Technologies to managing $25B in procurement at FedEx—Susan shares insights on the key trends shaping global supply chains and what they mean for the manufacturing outlook.