Robinson Elevator Group Announces Sale Of MJR Consulting
NEW YORK, April 1, 2013 /PRNewswire/ -- Robinson Elevator Group announced today that it has successfully consummated the sale of its elevator consulting business to MJR Consulting, Inc. Terms of the transaction were not disclosed.
Chris Robinson, President of Robinson Elevator Group, stated that, "This transaction is a natural next step in the further growth and development of Robinson Elevator Group. While the consulting business is a successful one, the sale of the business allows us to focus on our core mission of being the leading independent company focused exclusively on elevator installation, modernization, repair and maintenance. Being devoted solely to that business will help us meet the very significant demand for our services and continue to provide our customers the best service experience in the industry."
MJR Consulting Inc. is controlled by Michael Robinson, a co-founder of Robinson Elevator Group and the brother of Chris Robinson. He stated that, "I am very proud of my role in the founding of Robinson Elevator, and I am amazed at the pace at which they are building a truly great company. I am also thrilled about the acquisition of the consulting business. Being an independent consultancy unaffiliated with any elevator service company provides a great foundation for the further growth of the consulting business. I could not be more excited about its prospects."Chris Robinson added, "Working with my brother in the early years of Robinson Elevator Group has been a great experience. We both recognized, however, that elevator service and elevator consulting are different lines of business and each requires a different focus. I am gratified that we were able to structure a transaction that is a positive for both businesses. Both companies stand to have even more momentum as a result of this deal." ROBINSON ELEVATOR GROUP is the leading independent provider of elevator services in the New York metropolitan area; its services include elevator installation, modernization, repair and maintenance. For further information, please contact Brendan Amyot at email@example.com. MJR CONSULTING has been an established name in elevator consulting for more than ten years. Among other things, its services include developing elevator specifications, auditing elevator maintenance performed by third-parties and witnessing elevator tests. For further information, please contact Michael Robinson at firstname.lastname@example.org. SOURCE Robinson Elevator Group
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV