What is Coastal Elevator Services?
Coastal Elevator Services, founded in 2012 and family-owned, is a comprehensive elevator solutions provider based in Florida. The company specializes in the installation, modernization, maintenance, and repair of elevator systems, catering to a diverse clientele across various building types. Leveraging over three decades of industry experience, Coastal Elevator Services is committed to delivering high-quality products and exceptional customer service at competitive price points. Their service area encompasses key regions in Florida, including Naples, Bonita Springs, Fort Myers, and Sanibel. The company's dedication to industry standards is further evidenced by its membership in the National Association of Elevator Contractors (NAEC) and the Latin Builders Association.
How much funding has Coastal Elevator Services raised?
Coastal Elevator Services has raised a total of $1.3M across 2 funding rounds:
Debt
$268K
Debt
$982K
Debt (2021): $268K with participation from PPP
Debt (2025): $982K led by WSFS Bank
Key Investors in Coastal Elevator Services
PPP
Public-Private Partnership
WSFS Bank
WSFS Bank, a financial institution, has provided debt financing to Coastal Elevator Services, indicating a strategic lending partnership.
What's next for Coastal Elevator Services?
The recent major strategic investment signals a pivotal phase for Coastal Elevator Services, likely aimed at accelerating expansion, enhancing service capabilities, or potentially exploring new market segments within Florida's dynamic construction and real estate landscape. This capital infusion is expected to bolster the company's operational capacity and competitive edge, enabling further development and modernization efforts. As a company with a strong foundation in customer service and technical expertise, this strategic backing positions Coastal Elevator Services for sustained growth and increased market share.
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