Madison Street Capital acted as the exclusive financial advisor in arranging a credit facility for its client, City Elevator. The transaction was announced today by Charles Botchway, CEO of Madison Street Capital. Terms of the deal were not disclosed.

 “It was a great opportunity for Madison Street Capital to work with City Elevator and its President, Mitchell Hellman.  They have built an extremely strong brand as the leading independently-owned installer of new elevators in the New York City area,” said Botchway of Madison Street Capital. “We look forward to a long working relationship with Mr. Hellman and his team.”

“After spending months spinning my wheels, Charles and the Madison Street Capital team came in like a whirlwind.  They were able to secure interim funding in a matter of days while simultaneously working on a long term solution to compliment our growth plans,” explained Hellman. “They had a representative in my office, almost immediately, who took the time to understand our business.  While this was occurring, their back office was crunching numbers and working on the interim financing.  Very impressive.”

About City Elevator

Founded in 2002,City Elevator is a first class provider of service, installation and modernization products in the elevator and escalator industry. City Elevator maintains a large portfolio of commercial, institutional and residential service accounts. For additional information about City Elevator, visit the company’s Web site at www.city-elevator.com

About Madison Street Capital 

Madison Street Capital is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please visit our website at www.madisonstreetcapital.com