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TKE ACQUIRES FLORIDA-BASED ACCURATE ELEVATOR

TK Elevator (TKE) announced on June 18 that it has acquired Accurate Elevator, a longtime vertical-transportation contractor that has provided services in the Florida Keys for many years. Based in Marathon, Florida, Accurate Elevator has focused on new installation, modernization, preventive maintenance and repair services for commercial and residential buildings. All employees from Accurate Elevator will stay on with TKE, including John Babbe, previously president and owner. He will now take on the role of operations manager. His wife, Donna Babbe, will serve as office manager. The acquisition is the fifth North American company purchase for TKE in 2021. In May, the global OEM announced it had acquired Albany Elevator in Albany, New York, and three elevator companies based in Ontario, Canada.

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