KONE Inc. acquires Green Bay firm

Lisle, Ill.-based KONE Inc. announced today the acquisition of TSR Elevator Company Inc., an independently-owned elevator company in Green Bay.

 
Elevator operations at TSR will be absorbed under the KONE name.

“KONE’s acquisition of TSR Elevator presents a unique opportunity to diversify our talent base, while improving coverage for existing customers,” said Larry Wash, KONE executive vice president and area director for KONE Americas. “Existing TSR customers will enjoy expanded service, as we retain key employees, and support them with enhanced financial, product and technology resources.”

Dennis O’Donnell – who has successfully grown TSR Elevator since he founded the company with his wife, Tammy, in 1992, will continue to serve a key role in the organization once it has been absorbed by KONE.

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