Elevator Controls Corporation

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Elevator Controls Corporation - overview

Established

1986

Location

Sacramento, CA, US

Primary Industry

Electronics

About

Elevator Controls Corporation specializes in engineering and manufacturing innovative microprocessor-based control systems for elevators, offering efficient solutions for vertical transportation needs across various sectors. Founded in 1986, Elevator Controls Corporation is headquartered in Sacramento, US, focusing on the engineering and manufacturing of vertical transportation control systems. The company was acquired by GAL Manufacturing Corporation LLC, a portfolio company of Golden Gate Capital, in June 2018 for undisclosed financial terms. Patrick Lamb is the founder of the corporation, while the current CEO team includes Liam Brown, Marina McKay, and Raja Rajput.


Elevator Controls Corporation specializes in the engineering and manufacturing of non-proprietary, microprocessor-based vertical transportation control systems, primarily for elevators. Their core offerings include advanced elevator control systems designed for ease of installation, adjustment, and maintenance, utilizing cutting-edge technologies such as the LCD graphical user interface and the Touch & Go™ interface. A standout feature is the Landa™ positioning system, which ensures precise car location with a positional accuracy of 32 positions per inch, streamlining installation and reducing maintenance needs by eliminating traditional hoistway vanes and switches. The company serves a diverse client base, including commercial, residential, and industrial sectors, with over 30,000 units deployed globally across markets in North America, Europe, and Asia, addressing the critical need for reliable and efficient vertical transportation solutions.


Elevator Controls Corporation generates revenue through direct sales of its elevator control systems and associated products, catering primarily to B2B clients, including elevator installation and maintenance companies. Revenue streams are structured around equipment sales, ongoing maintenance agreements, and potential software updates, with clients typically purchasing their flagship systems such as the Pixel series and the Landa™ positioning system. The company’s transaction model involves one-time purchases supplemented by subscription-like arrangements for software updates and technical support. Pricing structures are tailored based on project complexity and volume, reflecting the custom nature of installation and operational requirements for their products and services within the elevator industry.


Elevator Controls Corporation is focused on future growth by designing and launching new products, although specific release dates are not detailed. The company plans to expand into new geographic markets, particularly targeting regions in North America, Europe, and Asia. The recent acquisition in June 2018 will support these initiatives, enhancing resources for product development and market penetration.


Current Investors

Vantage Elevator Solutions

Primary Industry

Electronics

Sub Industries

Integrated Circuits

Website

www.elevatorcontrols.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Elevator Controls Corporation - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedElevator Controls Corporation-

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