by Rebecca Walker — August 27, 2010—Schindler Elevator Corporation, a leading elevator and escalator manufacturer in North America, has signed an agreement to purchase substantially all the assets of California-based Reliable Elevator, Inc. (San Diego), Reliable Elevator of Los Angeles, Inc., Reliable Elevator of Orange County, Inc., and Reliable Elevator of Inland Empire, Inc.
Established in 2004, the Reliable Elevator family of companies focuses primarily on elevator maintenance, repair and modernization. The acquisition will enable Schindler to expand its presence in California and lay the groundwork for future growth in the area, says the company.
“This acquisition demonstrates Schindler’s commitment to grow strategically through the acquisition of quality independent elevator service companies,” said John Impellizzeri, Schindler’s vice president responsible for mergers and acquisitions.
Schindler Elevator Corporation designs, manufactures, installs, services and modernizes a broad range of elevators, escalators and moving walks for almost every building type. For more information, see the Web site.
