Ropes & Gray Advises CIVC Partners in the Formation of Specialized Elevator Services Holdings
Ropes & Gray advised CIVC Partners in the formation of Specialized Elevator Services Holdings. The company was formed through the recapitalization of San Francisco Elevator, Ascent Elevator, and Specialized Elevator to create an independent provider of elevator maintenance, repair, and modernization services in California and one of the largest independent providers in the country. The announcement was made on May 17.
With offices in the Bay Area, Los Angeles, and San Diego, Specialized Elevator Services Holdings provides its services to the three largest metropolitan areas in California covering 90% of the state’s elevator units.
The Ropes & Gray team was led by private equity partner Matthew Richards, tax partner Aaron Harsh, finance partner Alexander Zeltser, IP transaction partner Edward Black, benefits partner Loretta Richard, labor & employment partner Peter Ebb, environmental partner Peter Alpert and labor & employment associate Jennifer Cormier.