Ross Finds the Right Partner

One of Cleveland and Akron’s multi-generational legacy independent elevator companies completes a successful sale to KONE


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

Ross Elevator, Inc.
Cleveland, Ohio has been acquired by

KONE, Inc.

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

Ross Elevator partners with KONE after more than 50 years in the Cleveland market.


Established by Tom Ross in 1969, Ross Elevator has continued to be a reliable and technically capable independent elevator company in the Cleveland and Akron markets under the ongoing guidance of Tom's son, Jim. For more than a half century, many Ohio customers have relied upon Ross Elevator for the expertise and commitment to customer service that has kept their elevators running safely and smoothly. All field technicians at Ross Elevator have been offered employment with the combined operations while Jim embarks on a well-deserved retirement.


"The decision to sell our family business was difficult and, at times, emotional, but the consistent professional support from Jessica and Jeff was critical. They helped me to secure better dollars and better terms while minimizing the stress of the difficult process of selling a business."


– Jim Ross, President, Ross Elevator, Inc.



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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