Cibes Lift Group

Situation

In Europe and Asia, Cibes established its reputation as a premium vertical platform lift manufacturer serving primarily residential customers and experienced strong growth. To compound on its global reach, the company entered the United States market in 2020 by establishing a state-of-the-art showroom in the Miami metropolitan area. Cibes looked to apply its successful M&A track record in Europe to bolster its growth in the United States by acquiring new customers, capabilities, and geographic markets.

Engagement

G2 Capital Advisors, LLC (“G2”) served as the exclusive buy-side advisor to Cibes, leading a bespoke buy-side effort focused on identifying and engaging with American companies that have a strong market presence and operations within residential elevator markets.

Outcome

G2’s mandate with Cibes led to the acquisition of American Elevator of Atlanta (“AEA”). The cross-border acquisition gives Cibes a distribution foothold in the Southeastern United States, where residential elevator construction is increasingly prominent. AEA brings well-developed sales channels and deep industry relationships to Cibes’ U.S. business. Cibes will combine its premium product portfolio with AEA’s U.S. market expertise to reach new customers, grow Cibes prominence, and extend operations reaching from Sweden, to China, to the U.S.

Per Lidström, CEO of Cibes Lift Group, commented “I’m incredibly pleased with G2’s work on this mandate and am extremely happy to welcome American Elevator of Atlanta to the Cibes family. G2 worked seamlessly with our M&A team to drive positive interactions between Cibes and the U.S. residential elevator marketplace, leading to our acquisition of AEA. G2 built a strong relationship with our head of U.S. development to understand our strategy goals and supported the Cibes team from sourcing to execution of the opportunity. We look forward to continuing our relationship with G2 and further promoting the Cibes brand in the United States.”

“We are excited to congratulate the Cibes team on its closing of the acquisition of American Elevator of Atlanta as this transaction will further enhance their U.S. presence, brand recognition, and cross-border strategy. Both companies are incredibly well-respected players in the residential space, and we are glad to have played a role in their new union. We look forward to continuing to support Cibes through its U.S. expansion, where we see significant opportunity for additional partnerships.” said Peter Reed, Director at G2 Capital Advisors.