Cibes Lift Group Acquires Morning Star Elevator, Expands Presence in USA

Cibes Lift Group has entered an agreement to acquire Morning Star Elevator in Colorado USA, a leading distributor in the residential elevator and vertical platform lift segment. This strategic acquisition aims to strengthen Cibes’ position in the USA and open new business opportunities in the Colorado market. Morning Star Elevator becomes the fifth addition to Cibes Lift Group in the United States.

Headquartered in Colorado Springs with additional offices in Denver and Glenwood Springs, Morning Star Elevator, founded in 2002, specializes in a broad range of residential elevators, platform lifts, LULA* elevators, and comprehensive service and maintenance, primarily serving residential customers across Colorado and employing 39 staff members.

“For Cibes Lift Group, this acquisition provides access to an exciting residential elevator market in Colorado and strengthens our presence in the USA. Additionally, Morning Star Elevator customers will now have access to the extensive Cibes product portfolio. While Morning Star Elevator will continue to operate independently, it will collaborate closely with Cibes subsidiaries in the USA to unlock numerous opportunities for our customers, our team, and operations”, says Per Lidström, CEO of Cibes Lift Group.

Cibes Lift Group will acquire full ownership of Morning Star Elevator, which will retain its name and brand. Current Owner and CEO, Richard Markow, will step down and remain as a consultant during the transition period. Newly appointed Managing Director, Jeffrey Straight, will lead the company and report to Michael Graff, Vice President of Sales, Americas, at Cibes Lift Group.

“We are proud to join Cibes, who we consider the perfect partner in our pursuit of commercial excellence. The combined strength of our organizations, dedicated team members, market knowledge, and Cibes’ product portfolio and infrastructure will provide unmatched value to all our stakeholders”, Richard Markow, CEO of Morning Star Elevator, concludes.

The acquisition is expected to be finalized in the second quarter of 2024.

*Limited Use Limited Application elevators

Contact us! Get more information at Cibes Lift (Thailand) Co., Ltd.

Bangkok Showroom

2113, 1 New Phetchaburi Rd., Bang Kapi, Huai Khwang, Bangkok 10310

Chiang Mai Showroom

123/6 Moo 15 Irrigation Road, Suthep , Mueang Chiang Mai, Chiang Mai 50200

Phuket Showroom

20/82 (Park plaza D) Boat Lagoon Village No. 2, Thepkrasattri Road,Koh Kaew , Mueang , Phuket 83000

You can read more about the Cibes showroom at Cibes elevator company from Sweden has expanded 3 branches to serve customers all over Thailand.
https://www.cibeslift.co.th/homelift-form for contact us soon!

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