Elevator Company Valuation
Elevator Service & Maintenance Business Valuation Calculator & Exit Planning Built for Elevator Company Owners
We built one platform that tracks your elevator company's value monthly, identifies exit gaps early, and ensures your personal finances align with your exit timeline.
1,000+ Businesses have joined YourExitValue.com
Most Elevator Company Owners Have No Idea What Their Business is Actually Worth
Current Elevator Service / Maintenance Valuation Multiples (2026)
Elevator service valuations are premium due to recurring revenue and barriers to entry. Here's the market:
Every business is different. That's why you need to track your value.
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Most business owners guess at their value. You'll know it with precision.
Our platform uses six proven valuation methodologies to give you a complete picture of what your business is worth today—and tracks how that number changes month over month. No more waiting for annual appraisals or paying $15K+ for outdated reports.
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What Actually Drives Elevator Company Value
Your technical expertise matters, but sophisticated buyers evaluate these factors that determine premium pricing:
Maintenance Contract Base
High Recurring Contract Revenue
Monthly maintenance contracts are the foundation of elevator company value—they create predictable, recurring revenue. Track your contract base, average contract value, and retention rate. Companies with 70%+ recurring revenue command premium valuations.
Project-heavy = lower multiples
Unit Count
Growing Units Under Contract
How many elevator units are under your maintenance contracts? Unit count demonstrates market presence and revenue capacity. Growing unit count signals successful business development. Track and grow your unit base.
Declining units = losing market share
Technician Team
Licensed, Experienced Mechanics
Licensed elevator mechanics are your service capacity and extremely difficult to hire. Experienced technicians who know multiple equipment types are valuable. Team retention is critical—mechanics take contracts when they leave. Invest in retention.
Technician loss = contract risk
Equipment Expertise
Multi-Manufacturer Capability
Ability to service multiple manufacturers' equipment—not just one brand—expands your addressable market. Independent service companies often have multi-manufacturer expertise that OEM-aligned companies lack.
Single brand = limited market
Service Territory
Dense Geographic Coverage
Dense coverage in metropolitan areas enables efficient service delivery. Scattered accounts across wide geography have worse economics. Understanding your territory density helps assess operational efficiency.
Sparse territory = inefficient
Modernization Pipeline
Mod/Upgrade Project Backlog
Beyond maintenance, modernization and upgrade projects provide significant revenue. A pipeline of modernization work from your contract base indicates growth opportunity. Track mod projects and conversion from maintenance.
Maintenance-only = limited upside
How to Value an Elevator Service Business
The U.S. elevator service industry generates approximately $25 billion in annual revenue across maintenance, repair, modernization, and new installation. Independent elevator companies compete with major OEMs (Otis, Schindler, ThyssenKrupp, KONE) for service contracts.
EBITDA or SDE is used depending on company size. Elevator service companies typically sell for 3.0x to 6.0x SDE, or 6.0x to 10.0x EBITDA — among the highest multiples in the trades. These premium valuations reflect the industry's exceptional recurring revenue characteristics.
Revenue multiples generally range from 0.60x to 1.2x annual revenue. Companies with large maintenance contract portfolios command the upper end.
The unique valuation factor for elevator companies is the maintenance contract portfolio. Elevator maintenance is mandated by code in virtually every jurisdiction, creating non-discretionary recurring revenue. Contracts typically auto-renew annually with high retention rates. Each maintenance contract generates not only the monthly maintenance fee but also callback revenue and modernization opportunities as equipment ages. Licensed elevator mechanics are extremely scarce, making a company with a stable team of licensed technicians an exceptionally valuable asset.
Independent elevator companies have been active PE acquisition targets, with platforms seeking to build alternatives to the major OEM service monopolies. Use our free calculator above to get your instant estimate, then track your value monthly with YourExitValue.
Frequently Asked Questions
What multiple do elevator companies sell for?
Elevator companies typically sell for 5.0x – 9.0x SDE or 8x – 15x EBITDA—premium multiples due to recurring revenue and barriers to entry. Companies with strong contract bases and retained mechanics command top multiples.
How does recurring revenue affect elevator company value?
Dramatically. Maintenance contracts create predictable revenue. Companies with 70%+ recurring revenue command significant premiums over project-dependent businesses.
Who buys elevator companies?
Major elevator OEMs (Otis, Schindler, KONE, TK), large independent service companies, PE-backed elevator platforms, and regional elevator companies building scale.
How important is the technician team?
Critical. Licensed mechanics are extremely difficult to hire. Experienced technicians are valuable assets. Retention is essential—mechanics take contracts when they leave.
Does territory density affect value?
Yes. Dense metropolitan coverage enables efficient service. Scattered accounts across wide geography have worse economics.
What's the fastest way to increase my elevator company value?
Three high-impact moves: 1) Grow maintenance contract base and convert callbacks to contracts, 2) Invest in mechanic retention through compensation and training, 3) Focus on dense territory to improve efficiency.