ATIS Announces Acquisition of Arundel Elevator Inspections
ST. LOUIS, Sept. 12, 2023 (GLOBE NEWSWIRE) -- ATIS Ascenda Partners, LLC, North America’s largest provider of elevator and escalator management, inspections, and consulting services, today announced it has acquired Arundel Elevator Inspections, Inc. Financial terms of the transaction were not disclosed.
- ST. LOUIS, Sept. 12, 2023 (GLOBE NEWSWIRE) -- ATIS Ascenda Partners, LLC, North America’s largest provider of elevator and escalator management, inspections, and consulting services, today announced it has acquired Arundel Elevator Inspections, Inc. Financial terms of the transaction were not disclosed.
- St. Louis-based investment and management firm Cequel III is ATIS’ lead investor and has supported the company’s growth since 2016.
- The Arundel acquisition significantly strengthens ATIS’ position in the Mid-Atlantic region of the United States as the leader in all elevator and escalator consulting, inspection, and compliance needs, including new installation, modernization, safety inspection, due diligence, and design assistance services.
- “This acquisition is another great step in advancing our vision to be the global leader in elevator consulting, inspections, and managed services,” said Chip Smith, ATIS CEO.