3Phase Elevator and Headrick Elevator Announce Merger
Headrick joins the 3Phase family of independent operators, bolstering the company’s presence in Pittsburgh
CANTON, Mass. & PITTSBURGH–(BUSINESS WIRE)–3Phase Elevator, a leading independent elevator and escalator services provider, today announced that it has merged with Headrick Elevator, a company that provides similar services in Pittsburgh and surrounding areas. The merger enables 3Phase to continue to grow its service offerings across Pennsylvania. Terms of the transaction were not disclosed.
Headrick Elevator, a family-owned and operated company, has had a singular focus on providing its customers the highest level of service. As fourth generation owners, Susan and Steven Headrick have maintained and grown the company’s strong reputation on which the company was founded nearly 100 years ago. The existing Headrick team, led by Susan and Steven, will remain in place and the company will continue to service customers under the Headrick Elevator brand.
“We are excited to join the 3Phase family of independent elevator service providers to serve customers in the Pittsburgh area,” said Susan Headrick, owner and operator of Headrick Elevator. “The 3Phase team shares Headrick’s commitment to customers and quality service, and this partnership will enhance our business with investments in technology and processes.”
“Headrick has an outstanding reputation for focusing on servicing its customers,” said Mike Strachan, CEO of 3Phase Elevator. “As our teams collaborate in the Pittsburgh market, we have an opportunity to not only enhance service and responsiveness for existing customers, but to also accelerate growth with new customers.”
“Susan and Steven Headrick have a terrific reputation in the Pittsburgh market,” added Bob Hadfield Jr., Pittsburgh branch manager of 3Phase Elevator. “I’m looking forward to combining our many generations of quality service. We have a great future together with 3Phase.”
Harvey & Company served as the exclusive financial advisor to 3Phase for the transaction.
About 3Phase Elevator
Founded in 1996, and headquartered in Canton, Mass., 3Phase Elevator is a leading independent provider of elevator and escalator maintenance, repair, and modernization services in 14 states across the eastern United States. The company is built on a foundation of exceptional customer service and has more than 11,000 units in its care. 3Phase has completed 10 mergers and acquisitions, including seven this year, and in June 2021 received an investment from Boston-based investment firm Berkshire Partners. For more information, visit 3phaseelevator.com.
About Headrick Elevator
Headrick Elevator is an elevator and escalator maintenance, repair, and modernization company serving the greater Pittsburgh and surrounding areas. For more information, visit headrickelevators.com.
Contacts
Sarah Kulka
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