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Oracle Elevator acquires Landmark Elevator
//February 11, 2020
Hagerstown-based Landmark Elevator was acquired by Oracle Elevator, company officials announced Tuesday.
Terms of the deal were not disclosed.
Oracle Elevator officials said the deal was a key component of its northeast expansion plans and will strengthening Oracle’s position as an independent alternative to the multinational elevator companies. The deal was the Tampa, Florida-based Oracle’s 32nd acquisition since 2004.
Oracle Elevator is pleased to announce its acquisition of Maryland based Landmark Elevator, a trusted provider of elevator service, modernization and new installation in Maryland, Virginia, West Virginia and Pennsylvania. The acquisition will be the foundation for Oracle Elevator’s northeast expansion plans and will enhance Oracle’s position as the leading independent alternative to the multinational elevator companies. The acquisition represents Oracle’s 32nd acquisition since 2004.
Bill Block Jr., president and owner of Landmark, will become a general manager for Oracle.
Oracle is the largest independent provider of elevator maintenance, repair and modernization services operating across 45 markets in 20 states by serving the owners and managers of airports, universities, hospitals, and premier properties.
