MRO Magazine

Ontario Teachers’ buys majority stake in elevator component company Vantage Solutions

By The Canadian Press   

Facilities Maintenance Transportation & Logistics elevator maintenance manufacturer ontario

TORONTO – Ontario Teachers’ Pension Plan Board has signed a deal to buy a majority stake in elevator component manufacturer Vantage Elevator Solutions.
Financial terms of the sale were not disclosed.
Under agreement, Vantage’s current owner, Golden Gate Capital, will keep a significant minority stake in the company.
Vantage has eight business units including GAL, GAL Canada, Hollister-Whitney, Elevator Controls, Courion, Thames Valley Controls, Vertical Dimensions and Bore-Max.
The deal is expected to close before the end of the year.
Ontario Teachers’ invests and administers the pensions of Ontario’s active and retired teachers.

Advertisement

Stories continue below

Print this page