General Elevator Sales & Service, Inc. Acquired by ThyssenKrupp

Wednesday, September 7, 2011

Wlliam Blair & Company acted as exclusive   financial advisor to The Jordan Company in   connection with its sale of General Elevator Sales & Service, Inc. (General Elevator or the company) to ThyssenKrupp AG (ThyssenKrupp). The transaction closed on September 7, 2011, and the terms were not disclosed.

The Jordan Company is a private investment firm founded in 1982 which today manages approximately $6 billion in capital. General Elevator is one of the largest independent elevator companies in the United States. The company has focused on elevator maintenance, repairs and modernizations for more than 40 years. ThyssenKrupp is a global company with divisions focusing on materials and technology. Their technology division is a global leader in passenger and freight elevators, escalators, moving walks, passenger boarding bridges and stair and platform lifts. ThyssenKrupp is headquartered in Essen, Germany, and employs over 180,000 people globally.

William Blair & Company was engaged by The Jordan Company to evaluate strategic alternatives including the sale of the Company. William Blair launched a targeted marketing process, focused exclusively on strategic parties. In connection with the transaction, William Blair contacted a global universe of strategic buyers, created marketing and diligence materials targeted to each specific buyer, coordinated due diligence and negotiated the final transaction.

For additional information about how the investment banking professionals at William Blair can help your business or portfolio company, please visit our website,, or contact us via e-mail at

William Blair & Company's recent Commercial Services transactions.

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