Sounds Good for ELTEC

Seattle and the Puget Sound's leading independent elevator company finds a suitable sales partner.


 Lift Business Advisors, Inc.
is proud to announce that the business of

ELTEC Systems, LLC
Seattle, Washington has been acquired by

Schindler Elevator Corp.

Lift Business Advisors, Inc. acted as the M&A advisor to Eltec Elevator, Inc. in negotiations leading to a successful completion of this transaction finalized in June of 2021. 

ELTEC’s Independent Spirit Made for the Ideal Partnership


Established in 1998, ELTEC Systems, LLC, has been the leading independent
elevator company in Seattle and the State of Washington for more than 20 years. More than 100 employees are engaged in elevator maintenance, repair, installation, and modernization. With a unique flair for strategic vision, founders Kathy and Gordon Ferguson have developed a first-class team operating with an entrepreneurial spirit. This makes ELTEC an ideal partner in this combined venture. The Fergusons and all other employees have been offered integral roles post-closing.


"We were looking for a partnership with a like-minded company who could provide the resources to scale our business to match our reputation and growth potential. This is a more collaborative approach than what we often see in the business of elevator acquisitions. Lift Business Advisors adeptly connected us with the right partner while also ensuring we reached agreement on the optimal terms and conditions for the deal. Their whole team was with us, and continues to be with us, for each critical step along the way."


– Gordon & Kathy Ferguson, Owners, ELTEC Systems, LLC



Between February of 2020 and July of 2021, Lift has advised on the successful sale of 16 elevator businesses to nine different acquiring companies.


Considering selling your business, implementing improvements or need a valuation? Contact Jeff Eaton for a confidential discussion and complementary strategic review.

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