About the company
Company: Start Elevator
Industries: Business & Residential Services, Industrial
Description: Start Elevator (“Start”) is one of the largest founder-owned and operated non-union providers of elevator maintenance services in the geographically attractive New York City metropolitan market, spanning the five NYC boroughs, Westchester County, the Hudson Valley, Long Island, and Northern New Jersey.
Location: New York, NY (Bronx)
Transaction details
THE SITUATION
- Start’s owner retained SMC as exclusive financial advisor to evaluate a strategic partnership that would help accelerate the Company’s next phase of growth.The owner’s objective was to bring in a partner with additional resources and expertise while remaining actively involved in a meaningful leadership role to help guide the business forward.
SMC’s CUSTOMIZED SOLUTION
- SMC worked closely with the owner and management to position Start around its durable value drivers, including a scaled local presence and a substantial base of recurring contracted maintenance.SMC provided market-informed guidance on valuation, key transaction considerations, and partner fit, supporting an outcome aligned with the owner’s priorities – including continued leadership involvement post-close.
