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Oracle Elevator Acquires Affinity Elevator to Expand Geographic Footprint in Florida Panhandle
Friday 11 October 2019

11 October 2019 - Florida, US-based elevator company Oracle Elevator has acquired Florida, US-based Affinity Elevator, a provider of elevator maintenance, repair and modernisation services, the company said.
Terms of the transaction were not disclosed.
The acquisition will enhance Oracle's position as an independent alternative to the multinational elevator manufacturers. The acquisition represents Oracle's 30th acquisition since 2004.
Oracle will leverage its technical knowledge and highly skilled workforce to expand regional coverage in Alabama, Georgia, Mississippi and Louisiana.
Oracle is an independent provider of elevator maintenance, repair, and modernisation services in 42 markets in 15 states, serving the owners and managers of airports, universities, hospitals and premier properties.
Details
Date Published: 11/10/2019
Target: Affinity Elevator
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Oracle Elevator
Comment:
Terms of the deal were not disclosed

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