Mergers and acquisitions specialists JLF have advised the Ascendant Lifts Group on acquiring Rise Elevator for an undisclosed sum.
The acquisition will strategically expand Ascendant Lifts’ portfolio and consolidate its geographic footprint as a market leader in the supply, installation, modernisation and maintenance of lifts and escalators.
Specialist advice was led by Senior Partner and mergers and acquisitions expert Jabad Jaigirdar, he said: “We were pleased to utilise our deep sector experience alongside our corporate capability in delivering deals. We were delighted to work closely with the Ascendant team again and look forward to assisting on further transactions with them in the near future.”
Commenting on the deal, Kenneth Chappell, Group CEO of Ascendant Lifts said:
“It’s been a pleasure to work with JLF on what is a key acquisition in line with our strategy to expand within highly attractive market segments. We know and trust Jabad and his team to provide us with the important advice we need. These deals are often very complex and it’s reassuring to have them on our team to guide us.”
