ShoreView Invests in Elevator Systems, Inc.
The Partners of ShoreView are pleased to announce an investment in Elevator Systems, Inc (“ESI”).
ESI is a supplier of elevator controllers and ancillary products. ESI designs, assembles, tests, and delivers its products to elevator service providers. ESI is headquartered in Garden City, New York.
As a component of its growth strategy, ESI will actively seek add-on acquisition opportunities of elevator parts companies across the country.
ShoreView partnered with the existing owner, Nat Alcamo, on a recapitalization of the Company. Post-closing Nat will continue to drive the business as a member of the senior management team and Board. For more information on ESI visit its website at http://elevatorsystems.com.
Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds. ShoreView partners with family or entrepreneurial-owned companies across many sectors, including engineered products, distribution, industrial services, business services, healthcare, and niche consumer products. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.