Brightwood Capital Advisors provided financing to support the acquisition of Southern Elevator Group, a provider of elevator maintenance, modernization, installation and repair services, by Plexus Capital.
Southern Elevator Group’s portfolio covers a range of industries, including commercial buildings, educational buildings, industrial facilities, residential complexes and healthcare facilities.
“We are pleased to support Plexus’ acquisition of Southern, which will position the company for future growth while maintaining its focus on customer service and safety across a broad range of industries,” Kunal Shah, managing director at Brightwood Capital Advisors, said. “Both companies have a proven track record of dependability and success, and we look forward to their growth through this next phase of business.”
“Brightwood has deep experience investing within the business services sector, and we’re pleased to continue to build our portfolio in the space through meaningful transactions like this one,” Sengal Selassie, managing partner and CEO of Brightwood Capital Advisors, said. “Southern provides services and expertise critical to enabling everyday functions across the elevator industry, and we look forward to supporting the company’s continued success.”
