CIVC Portfolio Company, Specialized Elevator Services, Acquires 24 Hour Elevator

SANTE FE SPRINGS, CA — March 16, 2020 – Specialized Elevator Services (“Specialized” or “SES”) has completed its acquisition of 24 Hour Elevator (“24 Hour”).  Founded in 2009, 24 Hour is the largest independent provider of elevator maintenance, repair and modernization services in the greater San Diego area. Ken Dixon, Bill Schassberger, and Chris Sommese will remain owners and continue to manage the 24 Hour operation.

Donovan McKeever, President of SES said “When we formed SES, we wanted to partner with leading service providers that shared the same customer-centric approach to providing reliable, high quality service. We found that Ken, Bill, Chris, and the rest of the 24 Hour team share these same core beliefs. Their organization features a deep and talented employee base that puts the customer above all else. We are thrilled to have 24 Hour join our independent elevator services group.”

“We are excited to join SES and look forward to contributing to the continued growth of the organization,” said Bill Schassberger.  Ken Dixon added “We have come to know Donovan and the rest of the SES team well over the past year. We believe we have found the right partner to help us expand our presence in San Diego and begin to serve customers throughout the state of California.”

SES now services nearly 10,000 elevators throughout California, positioning the Company as the largest independent elevator service company in the state.  The SES team remains committed to providing the best in responsive, local, independent elevator service through its offices in San Francisco, Los Angeles, Orange County, and San Diego.

About CIVC Partners, L.P.

CIVC Partners is a Chicago-based private equity firm investing in high growth middle market business services companies. Since 1989, the team has invested over $1.7 billion in 66 platform companies and currently invests from CIVC Partners Fund V. More information on CIVC Partners and its portfolio companies can be found at www.civc.com. If you have an opportunity that may be an acquisition candidate for SES, please contact J.D. Wright (jwright@civc.com) or Brian James (bjames@civc.com).

 

Press Contact

Patty Walker
CIVC Partners
(312) 873-7300
pwalker@civc.com

Posted Under: Investment News