Deal Details
Berkshire Adds 3Phase
Summary
Berkshire Partners (“Berkshire”) recently acquired 3Phase Elevator (“3Phase” or the “Company”).
Baird served as a financial advisor to Berkshire Partners on this transaction.
About
Berkshire has 35 years of investment history and targets investments in business services & technology, communications, consumer, healthcare, and industrials companies. Berkshire has made more than 130 private equity investments since its inception. Berkshire invests in high-quality companies with strong competitive positions and long-term growth prospects and is a value-added partner to management teams to achieve strong growth. Berkshire is based in Boston, Massachusetts.3Phase was founded in 1996 and provides elevator and escalator maintenance, repair, and modernization services to customers in the eastern United States. The Company is built on a foundation of exceptional customer service, including quick response times to ensure equipment uptime. 3Phase has grown in part through seven acquisitions of other independent elevator and escalator services providers, which are then able to leverage 3Phase’s technical expertise and scale to enhance service and attract new customers. 3Phase maintains more than 9,000 units for building owners and property managers in the commercial, retail, healthcare, education, industrial, municipal, and residential sectors, and employs more than 150 members of the International Union of Elevator Constructors. 3Phase is headquartered in Canton, Massachusetts.
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- Date
- July 2021
- Company
- Berkshire Partners
- Transaction
- M&A - Buyside
- Sectors
- Technology & Services
- Verticals
-
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
- Acquiror Geography
- North America
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