Press Release

GRAND RAPIDS, Mich. and COLUMBUS, Ohio, April 26, 2022 /PRNewswire/ — Elevator Service LLC (“ESI”), a leading elevator service provider in the Midwest, announced today that it has expanded its business into the Columbus, OH market. This investment marks ESI’s second entry into the Ohio market and is ESI’s third add-on market in the last six months.

ESI will operate in Columbus under the name Moseley Elevator Service.  Dan DeVault will take on the role of President and Sarah Powell as Director of Sales.  His family founded Moseley Elevator Inc. in 1955 – a leading independent elevator company that was based in Columbus for 40 years.  Dan, who is deeply rooted in his hometown of Columbus, OH, spent the last 2 decades in various key positions with large international elevator companies said, “ESI’s reputation and vision of placing customers and employees at the forefront of all that they do will be welcomed by the Columbus market. It is a privilege to grow with this team and I am thrilled that the Moseley name is now part of the ESI family.”

ESI was founded over 30 years ago and has been family-owned since its inception. Today, ESI currently operates in the five markets of Grand Rapids, Milwaukee, Detroit, Toledo and now Columbus, and will continue its growth by partnering with leading Independents in attractive markets and recruiting talented elevator mechanics, executives, and salespeople. Brett McCay, President of ESI, said, “We’re excited to find experienced, like-minded entrepreneurs who share our values and focus on customer service.”

ESI completed its investment in Moseley Elevator Service with financial backing from Carroll Capital, a Greenwich-based family office that originally partnered with ESI in 2019. Lin He, a Director of Carroll Capital, said, “ESI’s investment into Moseley Elevator Service demonstrates Carroll Capital’s commitment to developing ESI into a leading elevator service platform, and we will continue to support ESI’s growth in its current markets and through acquisition into new markets. We are excited to welcome Moseley Elevator Service to the ESI platform.”

About ESI

ESI has served Michigan since 1987, performing elevator maintenance, repair, modernization, installation, and testing required by the State of Michigan to the commercial, municipal, industrial, and residential markets. ESI’s team of highly skilled technicians and experienced staff can design, install, and maintain elevator systems that keep its customers’ buildings running efficiently with the utmost respect for customers’ operations. For additional information, visit www.esigr.com/ 

About Moseley Elevator Service

Moseley Elevator Service is an elevator maintenance, repair, construction and modernization company based in Columbus, Ohio. The Company will serve commercial, municipal, industrial, and residential customers. Moseley Elevator Service is an active member of the Elevator Contractors of America (ECA) and all of our technicians are certified by the National Elevator Industry.  For additional information, visit www.moseleyelevator.com

About Carroll Capital

Carroll Capital is a family office established by Brian F. Carroll to build an actively managed portfolio of market-leading businesses.   Carroll Capital invests in businesses that have differentiated, high-value-added products, services, or technology offerings and are mission-critical to its customers. Carroll Capital focuses on companies with large addressable markets, strong growth prospects, attractive margin potential, and high returns on capital, and builds partnerships with sellers and existing management teams to drive further scale and profitability. Carroll Capital is a unique financial sponsor and a differentiated partner to business owners.  Prior to founding Carroll Capital, Brian Carroll spent over two decades at Kohlberg Kravis Roberts & Co.  For additional information, visit www.carrollcapital.com/ 

SOURCE Carroll Capital