Elevators - Well-known company in the field of machine lifts (installations, modernizations, and services for elevators)

Investment opportunity, elevator company in eastern Belgium

We would like to introduce you to a lift company from Eastern Belgium that has been active in the market for almost 25 years.

The company offers the classic services of a lift company, such as new installations, modernizations, and service (repairs, maintenance, emergency calls, etc.).

The company can install and maintain high-speed electric and hydraulic elevators, but its focus is on elevators for special situations (car elevators, home elevators, kitchen elevators, freight elevators, etc.).

The company has very good contacts with customers who regularly order new systems or have existing systems converted. The customer base ranges from private individuals to large companies. The company also receives constant enquiries from new customers.

The owner currently employs two technicians and works with subcontractors. In addition, he (sales, engineering) and a financial administrator work in the office.

Please note that the company sold its maintenance activities to one of the major elevator companies in 2022, allowing the owner to secure his retirement. However, the company is still active in the market, building around 30 elevators per year and securing new maintenance contracts as a result. This is therefore a good opportunity for investors to gain access to significant growth potential.

We are aware that maintenance contracts with elevator companies often represent significant value. Why would an investment in the company still be worthwhile for you? And what is the seller's motivation?

The owner of the company has built up the business with great dedication over almost 25 years and will soon reach retirement age. There are valuable contacts with customers and suppliers, and a wealth of know-how within the company that the owner is keen to pass on.

In addition, the company is active in a segment that is still in high demand. The company continues to receive many inquiries. In recent years, the company has built between 28 and 37 elevators per year (102 from 2022 to 2024). The owner expects the company to receive a similar number of orders in the coming years.

For existing elevator companies, purchasing the company could be a good expansion - (1) technically (special installations) - (2) in terms of personnel due to the two employees, and (3) the current location could become a branch, for example.

The owner is flexible regarding the method of sale and is willing to work with us to determine how we can achieve the greatest possible success together.