Long Elevator and Machine Co., Inc. Acquired by KONE Corporation

Tuesday, July 19, 2011

Long Elevator and Machine Co.William Blair & Company acted as exclusive financial advisor to The Jordan Company in connection with the sale of Long Elevator and Machine Co., Inc. to KONE Corporation. The transaction closed on July 1, 2011, and the terms were not disclosed.

Long Elevator is an independent elevator company with operations in Missouri, Indiana, and Illinois. The company, which was established in 1929, is focused on elevator maintenance, repairs, and modernization. KONE is one of the global leaders in the elevator and escalator industry, providing industry-leading elevators, escalators, and automatic building doors as well as innovative solutions for modernization and maintenance. KONE is based in Helsinki, Finland, and employs more than 33,000 people globally.

William Blair was engaged by The Jordan Company to evaluate strategic alternatives including the sale of Long Elevator. In connection with the transaction, William Blair created targeted management presentations, advised on exit opportunities, coordinated due diligence, and assisted in negotiating the key elements of the letter of intent and definitive transaction agreements.

For additional information about how the investment banking professionals at William Blair & Company can help your business or portfolio company, please visit our website, www.williamblair.com, or contact us via e-mail at corpfin@williamblair.com.

William Blair & Company's recent Commercial Services transactions.

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