Skydeck Capital has made a minority investment in Urban Elevator Service.
Urban Elevator provides elevator installation, modernization, repair, and maintenance services to commercial, residential, educational, medical, and retail facilities.
Urban Elevator is headquartered near Chicago in Cicero, Illinois and has more than 180 employees that serve customers in Illinois, Indiana, Texas, Colorado, Arizona and Florida. The company is led by co-CEOs Rene Hertsberg and Tim Cook.
“Urban Elevator has the right blend of experience and entrepreneurial attitude that Skydeck seeks when working with new partners,” said Lior Shachaf of Skydeck Capital. “We are glad to put our capital behind Urban Elevator’s current leadership.”
“The foundation of our success is our legacy of doing the right thing, safely, every time. We are proud to have found a partner in Skydeck that shares our vision and entrepreneurial spirit, as well as our commitment to our team members,” said Mr. Hertsberg.
Chicago-based Skydeck Capital, founded by Michael Polsky, is a family office investing capital on behalf of the Polsky family. Mr. Polsky is the founder of conventional and alternative fuel power plant developers Indeck Energy Services (exited in 1990) and Skygen Energy (exited in 2001).
Skydeck invests in private equity, real estate and venture capital opportunities. Within private equity, Skydeck makes both control and minority investments in companies with EBITDA from $3 million to $10 million. Sectors of interest include tech-enabled services; industrial and business-to-business services; manufacturing; industrial products; and healthcare.
© 2021 Private Equity Professional | February 2, 2021