BUSINESS: Advanced Elevator And 3Phase Elevator Announce Merger

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

Daniel Webster, dWeb.News Publisher

CANTON. Mass. & UPPER MARLBORO, Md.–(BUSINESS WIRE)–3Phase Elevator, a leading independent elevator and escalator services provider, and Advanced Elevator, a company that provides similar services in Washington, D.C., Maryland, and surrounding areas, today announced that the two companies have merged. This merger will allow Advanced to take advantage of 3Phase’s digital capabilities and automation. It will also expand 3Phase’s geographic reach.

Advanced Elevator provides maintenance and repair services for elevators. Stanley Smentkowski Sr. founded the company more than 20 years ago; he will continue to lead Advanced with his son, Stanley Smentkowski Jr., both of whom will be owners in the combined company. The Advanced Elevator brand will continue to serve customers in the existing markets. All of the Advanced staff will remain.

“When Mike and his team met us, we knew that they were the right partners to Advanced, our customers and our employees, as well as my family,” Smentkowski Sr. said.

Mike Strachan, CEO, 3Phase Elevator, stated, “Advanced has an excellent reputation and is well-positioned to continue servicing its customers and accelerate growth. “We are humbled that Stanley and his family chose 3Phase to be their partner.”

Lift Business Advisors was the financial advisor for Advanced Elevator.

About 3Phase Elevator

Founded in 1996, and headquartered in Canton, Mass., 3Phase Elevator is a leading independent provider of elevator and escalator maintenance, repair, and modernization services in 14 states across the eastern part of the United States. The company is built on a foundation of exceptional customer service and has approximately 11,000 units in its care. 3Phase has completed nine mergers and acquisitions, including six this year, and in June 2021 received an investment from Boston-based investment firm Berkshire Partners. For additional information, visit www.3phaseelevator.com.

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