The Elevator Consultants
The Elevator Consultants (TEC) is an independent elevator and vertical transportation consulting firm founded in 2006 that provides audits, due diligence, modernization oversight, inspections, and expert witness services to building owners, REITs, property managers, hospitals, hotels, universities, condominium associations, attorneys, and insurers, supported by proprietary ElevatorApp, FacilityAIO, and IoT monitoring software.
- Company typePrivate
- Founded2006
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What The Elevator Consultants does
The Elevator Consultants (TEC) is a privately-held, independent elevator and vertical transportation consulting firm founded in 2006 and operating from Tarpon Springs, Florida, with a Chicago-listed contact presence and an additional eight regional offices across Ohio, Florida (three regional offices), Maryland, Texas, Los Angeles, and San Francisco. The firm serves building owners, REITs, property managers, facility managers, hospitals, hotels, universities, condominium associations, architects, attorneys, and insurance adjusters through a 17-line service catalog spanning elevator consulting, due diligence, audits, modernization project management, maintenance contract review, vendor management, expert witness testimony, insurance claim analysis, inspections (including Chicago AIC certifications), traffic analysis, and obsolete parts identification. The practice is built around a documented 7-step methodology and emphasizes independent oversight free of manufacturer or service provider financial ties.
TEC's commercial model combines hourly consulting ($125-$200/hour), project-based flat fees ($1,000-$50,000), and monthly retainers ($500-$10,000) with a parallel SaaS software franchise. The branded software portfolio centers on ElevatorApp™ (a real-time maintenance, SLA, callback, and compliance tracking platform), supplemented by Elevator AIO™ (elevator monitoring module), FacilityAIO™ (portfolio-wide property maintenance monitoring), and Elevator IoT Solutions. SaaS pricing is tiered from a free Basic tier through a $5/elevator/month Pro tier to a custom Enterprise tier that includes API integration to CMMS and Building Management Systems. Distribution blends direct consultative field and inside sales with self-serve online signup, supported by content marketing, regional phone coverage, and referrals from attorneys and insurance partners.
The firm is privately owned with no disclosed parent company, investors, or funding transactions, and operates without disclosure of revenue, ARR, or headcount growth. Reported customer outcomes include average contract savings of 25-30%, a 10-150x first-year ROI on consulting fees, and cost-avoidance case examples in the tens to hundreds of thousands of dollars per elevator.
The Elevator Consultants firmographics
Firmographics- Name
- The Elevator Consultants
- Legal name
- The Elevator Consultants
- Website
- https://theelevatorconsultant.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Elevator Consultants (TEC) is an independent elevator and vertical transportation consulting firm founded in 2006 that provides audits, due diligence, modernization oversight, inspections, and expert witness services to building owners, REITs, property managers, hospitals, hotels, universities, condominium associations, attorneys, and insurers, supported by proprietary ElevatorApp, FacilityAIO, and IoT monitoring software.
- Ownership category
- akta.pro rank
The Elevator Consultants industry classification
Industry- Product category
- Elevator and Vertical Transportation Consulting
- SIC
- Services-Management Consulting Services (8742)
- akta.pro primary industry
- Elevator Remote Monitoring & Predictive Maintenance (IoT/Connected Elevators) (BPABAIAH)
- akta.pro secondary industry
- Smart Elevators, Escalators & Vertical Transportation (HSAPAPAH)
Keywords
Where The Elevator Consultants is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
The Elevator Consultants business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Elevator Consulting Services: Professional consulting services including elevator audits, due diligence evaluations, maintenance contract reviews, modernization planning, and expert witness testimony. Delivered through project-based engagements, hourly consulting, and monthly retainer arrangements.
- ElevatorApp Software Subscriptions: SaaS platform providing elevator maintenance monitoring and vendor accountability. Tiered pricing from free Basic to $5/elevator/month Pro to custom Enterprise pricing.
- Elevator Service Request Coordination: Facilitates connection between buildings needing elevator service and qualified service providers, potentially generating referral or coordination fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free tier with basic monitoring features for up to 2 users |
| Subscription | Monthly | $5 per elevator per month with advanced monitoring and compliance tools |
| Subscription | Multi-year contract | Custom enterprise pricing for large portfolios with API integrations |
| Other | Pay-as-you-go | Hourly consulting rates for elevator consulting engagements |
| One time/ perpetual license | Pay-as-you-go | Flat fee projects including audits, repair reviews, and modernization specifications |
| Subscription | Monthly | Monthly retainer for ongoing consulting services |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
The Elevator Consultants product offering
Product offeringCore offering
The Elevator Consultants provides independent elevator and vertical transportation consulting for building owners, REITs, property managers, hospitals, hotels, universities, condominium associations, attorneys, and insurance firms. Services span audits, due diligence, modernization planning, maintenance contract review, vendor management, inspections, expert witness testimony, and insurance claim support, delivered through hourly, project-based, and retainer engagements. The firm supplements these services with proprietary SaaS platforms ElevatorApp™ and FacilityAIO™, IoT monitoring tools, and AI-enhanced analytics.
Product overview
The Elevator Consultants operates as a consulting firm offering a software-enabled service platform centered around three proprietary software products: ElevatorApp™ (core real-time monitoring platform), Elevator AIO™ (monitoring module), and FacilityAIO™ (portfolio-wide property maintenance monitoring). These software products are complemented by professional consulting services including elevator consulting, due diligence, audits, modernization consulting, maintenance consulting, vendor management, new construction design, expert witness testimony, insurance claims support, inspections, traffic analysis, and obsolete parts identification. The software tier structure (Basic free tier, Pro at $5/elevator/month, Enterprise with API access) supports buildings from single properties to large portfolios, while consulting services are priced hourly ($125-$200) or as flat fees ($1,000-$50,000) depending on scope.
Differentiator
Problem solved
Functional benefit
Brands
- ElevatorApp: Real-time elevator maintenance management platform for tracking service, compliance, equipment location, and vendor performance across one or many properties.
- Elevator AIO
- FacilityAIO
Products and services
- Elevator Consulting Services Independent vertical transportation consulting for building owners, REITs, property managers, and institutional clients, delivering customized recommendations through a 7-step methodology and supported by AI-enhanced analytics, digital ride quality analysis, and thermal imaging.
- Elevator Due Diligence Critical evaluations of elevator, escalator, and vertical transportation systems for property acquisitions, sales, or refinancing, covering equipment condition, code compliance, deferred maintenance, and capital planning.
- Elevator Audits Comprehensive assessments of elevator systems including maintenance audits, equipment condition evaluations, performance testing, and ASME A17.1 and ADA code compliance reviews using digital ride quality analysis and thermal imaging.
- Elevator Modernization Consulting Project management and advisory for elevator modernization projects, including needs analysis, feasibility studies, specification development, bid management, and continuous oversight using ElevatorApp for project tracking.
- Elevator Maintenance Consulting Analysis and optimization of elevator maintenance contracts, including contract audits, specification development, and bid management to reduce costs and improve accountability.
- Elevator Management Services Portfolio oversight for building owners, REITs, and property managers to ensure proper maintenance, contract fulfillment monitoring, and cost control across multiple elevator systems.
- Elevator Vendor Management Oversight and management of elevator service provider relationships including contract negotiation, performance tracking, and SLA enforcement to ensure optimal service delivery.
- Elevator New Construction and Installation Design and new construction consulting for elevator, escalator, and moving walkway installation, including needs analysis, feasibility studies, traffic analysis, and bid management through project completion.
- Elevator Repair and Upgrades Review Review and analysis of repair quotes and upgrade proposals to determine necessity, verify coverage under maintenance contracts, and ensure cost-effective resolution.
- Elevator Expert Witness Services Expert witness and legal assistance for attorneys and insurance companies in elevator-related disputes, litigation, and accident cases involving vertical transportation.
- Elevator Insurance Claims Support Technical analysis and claims support for vertical transportation insurance disputes, including damage assessment, coverage interpretation, and repair cost verification.
- Elevator Inspection Services Certified inspection services for all vertical transportation types including third-party inspections, safety inspections, performance inspections, and Chicago AIC annual certifications by QEI-licensed inspectors.
- Elevator Traffic Analysis Traffic studies and analyses using proprietary methodology and algorithms to determine elevator intervals, wait times, and handling capacity for new construction design or existing building evaluation.
- Chicago Annual Inspection Certification Annual Inspection Certification services for Chicago buildings, performed by a licensed Qualified Elevator Inspector (QEI) to meet City of Chicago requirements.
- Obsolete Elevator Parts Identification Technical expertise and database resources to identify truly obsolete parts versus alternatives, providing solutions when service providers claim equipment is unavailable.
- Elevator IoT Solutions Internet of Things solutions for vertical transportation that apply modern connectivity and monitoring technologies to elevator systems for automation, tracking, and data collection.
- ElevatorApp™ SaaS Platform A real-time elevator maintenance management platform that tracks service activities, compliance documentation, equipment status, and vendor performance. Available in tiered subscriptions from a free Basic tier to Pro at $5 per elevator per month and custom Enterprise pricing with API integrations to CMMS and building systems.
- FacilityAIO™ Property Maintenance Monitoring Platform A platform that allows building owners and property managers to monitor all commercial property maintenance activity across one or hundreds of properties, supporting elevator equipment, repairs, and modernization tracking with full automation and customizable settings.
Quantifiable outcome
- Most clients achieve 10-150x ROI on consulting fees in the first year
- +11 more outcomes
Companies that use The Elevator Consultants
Customer profileNamed customers14 records
Segments9 records
Ideal customer profiles5 records
The Elevator Consultants technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability1 record
Feature5 records
The Elevator Consultants partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
The Elevator Consultants competitors and assessment
Company assessmentDirect peers
- Lerch Bates: Lerch Bates is the largest independent elevator and vertical transportation consulting firm in North America, providing owner-side advisory, due diligence, modernization oversight, and maintenance contract review. It is the closest direct analogue to TEC's consulting practice and competes for the same building owner, REIT, and institutional client engagements.
Emerging players
- Aware Buildings: Aware Buildings provides a building analytics and IoT monitoring platform that tracks equipment performance and vendor SLAs across portfolios — overlapping with TEC's ElevatorApp/FacilityAIO SaaS offering in delivering real-time equipment visibility to building owners.
- Facilio: Facilio offers a unified facility management and building operations SaaS platform with vendor and maintenance analytics, positioning as a proptech alternative to TEC's FacilityAIO for owners seeking portfolio-wide equipment and service provider oversight.
- 75F: 75F provides IoT-based building automation and monitoring with predictive analytics for commercial HVAC and connected equipment — a smart-building competitor whose analytics stack partially overlaps with TEC's IoT/monitoring roadmap for vertical transportation.
Broad incumbents
- Otis: Otis is the world's largest elevator OEM and service provider, now bundling remote monitoring (Otis ONE) into its maintenance contracts. Otis competes with TEC both for service contracts (where it internalizes the role TEC plays as independent advisor) and through its increasingly capable digital platform versus ElevatorApp.
- KONE: KONE is a global elevator OEM with a 24/7 Connected Services monitoring offering and a deep maintenance footprint. KONE competes with TEC on the maintenance vendor side and increasingly offers digital services that overlap with TEC's independent monitoring value proposition.
- Schindler: Schindler is a global elevator and escalator OEM whose Schindler Ahead digital ecosystem delivers IoT monitoring and predictive maintenance as a bundled service. Schindler competes with TEC for service contracts and presents a same-vendor alternative to TEC's independent advocacy model.
- thyssenkrupp Elevator Technology: thyssenkrupp Elevator (TK Elevator) is a major global elevator OEM and service provider with the MAX predictive maintenance platform. TK Elevator's bundled digital offerings represent an OEM-side alternative to TEC's independent monitoring and consulting value proposition for building owners.
- Honeywell Building Technologies: Honeywell's Building Technologies division provides large-scale building automation, BMS, and equipment monitoring platforms. As a broad incumbent, Honeywell competes for the same facility and property management budgets that drive TEC's customers' purchasing decisions on monitoring and oversight tools.
- Johnson Controls: Johnson Controls is a global provider of building systems, services, and digital platforms (OpenBlue) covering HVAC, security, and equipment monitoring. As an incumbent BMS vendor, Johnson Controls competes for the portfolio-wide monitoring and vendor-management budgets that anchor TEC's FacilityAIO and consulting engagements.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
The Elevator Consultants social profiles
Digital presenceThe Elevator Consultants financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Elevator Consultants leadership team
Management profileNumber of profiles
Profiles1 record
The Elevator Consultants funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Elevator Consultants M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Elevator Consultants
What does The Elevator Consultants do?
The Elevator Consultants provides independent elevator and vertical transportation consulting for building owners, REITs, property managers, hospitals, hotels, universities, condominium associations, attorneys, and insurance firms. Services span audits, due diligence, modernization planning, maintenance contract review, vendor management, inspections, expert witness testimony, and insurance claim support, delivered through hourly, project-based, and retainer engagements. The firm supplements these services with proprietary SaaS platforms ElevatorApp™ and FacilityAIO™, IoT monitoring tools, and AI-enhanced analytics.
Is The Elevator Consultants a public or private company?
The Elevator Consultants is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The Elevator Consultants founded?
The Elevator Consultants was founded in 2006. It employs 11 to 50 people.
Where is The Elevator Consultants based?
The Elevator Consultants is headquartered in Chicago, United States, in the North America region.
How does The Elevator Consultants make money?
Three revenue lines are on record. Elevator Consulting Services are the primary driver. The others are elevatorApp Software Subscriptions and elevator Service Request Coordination.
Who are The Elevator Consultants's main competitors?
Lerch Bates is listed as a direct peer. Emerging players are Aware Buildings, Facilio and 75F. Broad incumbents are Otis, KONE, Schindler, thyssenkrupp Elevator Technology, Honeywell Building Technologies and Johnson Controls.
Does The Elevator Consultants have an API?
Yes. The ElevatorApp Enterprise Package includes API access to connect to CMMS (Computerized Maintenance Management Systems) or Building Systems. This integration allows automated data exchange and connectivity for enterprise clients managing elevator portfolios.
What industry is The Elevator Consultants in?
The Elevator Consultants's product category is Elevator and Vertical Transportation Consulting. Its primary akta.pro industry code is BPABAIAH, Elevator Remote Monitoring & Predictive Maintenance (IoT/Connected Elevators), with a secondary code of HSAPAPAH, Smart Elevators, Escalators & Vertical Transportation. Its SIC code is 8742.