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Press Release

TK Elevator acquires Accurate Elevator, its fifth acquisition in North America in 2021


  • The vertical transportation provider has been a staple in the Florida Keys community for many years.
  • All employees will join TK Elevator, including Accurate Elevator’s now former President and Owner, John Babbe.
  • The acquisition continues TK Elevator’s strategic expansion plans as it enhances its service portfolio and personnel across North America.


Marathon, Florida (June 18, 2021) – TK Elevator has acquired Accurate Elevator, a leading provider of elevator services in the Florida Keys for many years. Accurate Elevator offers new installation, modernization, preventive maintenance and repair services for commercial and residential buildings in The Florida Keys.

The acquisition is the fifth for TK Elevator in North America in 2021. Last month, TK Elevator announced it had acquired Albany Elevator in Albany, New York, as well as three elevator companies based in Ontario, Canada.

“Accurate Elevator has been one of the most reliable elevator companies in the Florida Keys and we are excited to add them to our expanding TKE family,” says Kevin Lavallee, President and CEO of TK Elevator North America and Australia.

All employees from Accurate Elevator are joining TK Elevator, including John and Donna Babbe. John, the now former President and Owner, will stay on as Operations Manager, while his wife, Donna, will serve as Office Manager.

“When I founded Accurate Elevator Inspection Services, my goal was to create a company that provided the best service at the best prices without sacrificing quality,” adds John Babbe. “Now, as a part of one of the most respected elevator companies in the world, we will have the opportunity to provide our customers with the highest level of support to keep their equipment running safely for years.”

To learn more about TK Elevator, go to





TK Elevator

With customers in over 100 countries served by more than 50,000 employees, TK Elevator achieved sales of around €9 billion in fiscal year 2022/2023. We ensure high levels of customer service globally from our extensive network of about 1,000 locations. Over the past several decades, TK Elevator has established itself as one of the world’s leading elevator companies and became independent after separation from the thyssenkrupp group in August 2020. The company’s most important business line is the service business proudly provided by around 25,000 service technicians. The product portfolio ranges from standardized elevators for low-rise residential buildings to highly customized solutions for skyscrapers. In addition, it covers escalators, moving walks, passenger boarding bridges and stair and platform lifts. Integrated cloud-based solutions, such as the MAX platform, are delivering enhanced services. With these digital offerings, there are no longer any limits to urban mobility. TKE – move beyond.