Elevate Service Group

What Elevate Service Group does

Elevate Service Group Inc. (TSXV: SERV) is a Canadian publicly-traded facility management and essential commercial services platform executing a buy-and-build consolidation strategy in the fragmented Canadian facility services sector. The company was established in 2024 as ElevateDesign Ventures Inc. (EDVI) and completed its qualifying transaction and IPO on the TSX Venture Exchange in November 2025 (previously operating as AIM6 Ventures Inc.), concurrently acquiring founding platform assets Infinity Group Construction Inc. and First Choice Maintenance Inc. Since going public, Elevate has executed five additional acquisitions — Charged Electric Services Ltd. (January 2026), Think Green Solutions Inc. and JJ&A Mechanical Ltd. (April 2026), and the transformational TFI Food Equipment Solutions / Taylor Freezers Inc. acquisition (May 2026) — scaling pro forma annualized revenue to approximately $90 million and the internal technician base to over 130 across Canada.

The platform delivers a multi-trade service portfolio organized as core service lines (Electrical Services, Plumbing Services, Equipment Repair, Grease Traps, General Repair and Maintenance, Renovations and Build-Outs, Preventative Maintenance and Asset Management) plus adjacent growth services (LED lighting and energy optimization via Think Green, HVAC, refrigeration, fire protection, pest control) and an exclusive foodservice equipment distribution and service franchise. Service delivery is supported by a proprietary web platform and mobile application providing end-to-end job management, scheduling, dispatch, invoicing, vendor and inventory management, asset tracking, KPI reporting, and immersive 360 video store tours. The TFI acquisition adds exclusive multi-year OEM distribution rights for Taylor, Henny Penny and Franke Coffee Systems foodservice equipment across Ontario and Atlantic Canada, along with a TFI Total Care recurring maintenance subscription program contributing approximately $5 million of recurring revenue.

The business model combines professional services revenue, recurring subscription revenue (TFI Total Care), equipment sales and distribution (~$16M via TFI), and managed services, with quote-based contracts to national multi-site enterprise customers. Go-to-market is sales-led, with centralized sales and business development led by Michael Cheung (appointed May 2026), targeting national accounts in foodservice/QSR (McDonald's, Tim Hortons, Dairy Queen, KFC, Starbucks, Chipotle), grocery (Loblaws), convenience retail (Circle K, 7-Eleven), retail apparel (Aritzia), building materials (Sherwin Williams) and property management (CBRE) across thousands of customer locations in Canada. Growth capital has been sourced through a $20M IPO financing (November 2025: $10M equity plus $10M secured credit facility) and a $7.5M term loan with a $6M revolving facility (May 2026), with M&A consideration frequently structured as a mix of cash, shares and promissory notes.

Name

Elevate Service Group

Legal name

Elevate Service Group Inc.

Website

https://elevateservicegroup.com/

Company type

Public

Founded year

2024

Operating status

Ipo

Headcount range

51–100 employees

Short description

Elevate Service Group is a Canadian publicly-traded facility management platform consolidating electrical, plumbing, equipment repair, lighting, and foodservice equipment services through a buy-and-build strategy targeting national multi-site enterprise customers.

Ownership category

akta.pro rank

Product category

Facility Management Services

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

ELD Installation, Calibration & Retrofit Services (TLAEAEAC)

akta.pro secondary industries

ELD Data Integrations & Middleware (TMS/Payroll/Fuel Card/IFTA/APIs) (TLAEAEAD), ELD Software & HOS Logging Apps (Driver Logs, DVIR, IF/PC Modes) (TLAEAEAB), ELD Maintenance, Support & Managed Services (TLAEAEAJ)

Keywords

• Facility management services
• Commercial plumbing services
• Electrical contracting services
• Foodservice equipment distribution
• Preventative maintenance programs

Headquarters

HQ city

Burlington

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Facility management services: Project and recurring service revenue from electrical, plumbing, equipment repair, grease trap, general repair and maintenance, renovations and build-outs delivered through operating companies to national retail, foodservice and property management customers.
2. TFI Total Care subscription (recurring maintenance): Subscription-based recurring service program covering scheduled maintenance, reactive service and parts for foodservice equipment. Approximately $5 million of recurring revenue.
3. Equipment sales and distribution: Exclusive distribution of Taylor, Henny Penny and Franke Coffee Systems equipment in Ontario and Atlantic Canada; approximately $16 million of equipment revenue at TFI for the twelve months ended December 31, 2025.
4. Service and parts revenue (foodservice equipment): TFI service and parts revenue of approximately $24 million for the twelve months ended December 31, 2025, including installation, warranty service, preventative maintenance, emergency repair, reactive support and parts.
5. LED lighting and energy optimization projects: Through Think Green Solutions, design, supply, installation and service of energy-efficient LED lighting and control solutions for retrofit and new construction projects across multi-site commercial and industrial customers. Approximately $6.3 million average annual revenues with 22–24% EBITDA margins.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels6 records

Core offering

Elevate Service Group is a national Canadian facility management and essential commercial services platform that consolidates regional service businesses (electrical, plumbing, equipment repair, grease traps, general maintenance, renovations, LED lighting, and foodservice equipment distribution and service) to serve national multi-site retailers, restaurants, grocery, convenience and property management accounts. The platform is delivered through a family of wholly owned operating subsidiaries and supported by a proprietary web and mobile software stack for job management, dispatch, asset tracking and KPI analytics.

Product overview

Elevate Service Group is a single unified national facility management and essential commercial services platform built on a platform-plus-modules architecture. The core platform delivers a comprehensive suite of facility services (Electrical, Plumbing, Equipment Repair, Grease Traps, General Repair and Maintenance, Renovations and Build-Outs, Preventative Maintenance and Asset Management, and Growth Services) powered by a proprietary Technology and Analytics software/web/mobile platform. The service portfolio is delivered through a family of acquired operating-company sub-brands — Infinity Group Construction Inc., First Choice Maintenance Inc., Charged Electric Services Ltd., Think Green Solutions, JJ&A Mechanical, and TFI Food Equipment Solutions — which function as integrated service-line modules across Canada.

Differentiator

Problem solved

Functional benefit

Brands

• Infinity Group Construction Inc. Full-service national facility management company for retailers and restaurants; founded 2003 in Ontario, now coast-to-coast across Canada.
• First Choice Maintenance Inc.
• Charged Electric Services Ltd.
• JJ&A Mechanical
• TFI Food Equipment Solutions
• Think Green Solutions

Products and services

• Electrical Services Installation, repair and maintenance of electrical systems including lighting solutions, rewiring, service panels, equipment connections, comprehensive assessments, preventative maintenance, and emergency services for national commercial customers.
• Plumbing Services Installation, repair and maintenance of plumbing systems, water systems, sanitizers, hot water tanks, backflow testing, sump pumps, drain repair and cleaning, leak detection, and natural gas systems.
• Equipment Repair Specialized division providing repair, maintenance and installation of commercial restaurant equipment including coffee makers, brewing machines, coffee grinders, commercial ovens, and warranty-approved service work for major brands.
• Grease Trap Services Specialized division providing regular cleaning, repair and replacement of grease interceptors with guaranteed proper handling, recycling and disposal of food, oil and grease (FOG), solids, and wastewater across thousands of recurring service calls.
• General Repair and Maintenance Building, store and grounds maintenance including drywall repair, paint and finishing, millwork, and floor installation and repair for retail and commercial properties.
• Renovations and Build-Outs Design-build and construction services including project management of retail and restaurant retrofits, renovations and build-outs, millwork, fixtures, demolition, and store closures.
• Preventative Maintenance and Asset Management Initial facility assessment, preventative maintenance programs to prevent downtime and extend lifespan, national asset replacement and regional roll-outs, warranty program management, capital asset lifecycle management, and inventory, parts and equipment procurement.
• TFI Total Care Recurring Maintenance Subscription Subscription-based recurring service program covering scheduled maintenance, reactive service and parts for Taylor, Henny Penny and Franke Coffee Systems foodservice equipment customers, generating approximately $5 million of recurring revenue.
• TFI Food Equipment Solutions Distribution Exclusive distribution and service of Taylor, Henny Penny and Franke Coffee Systems foodservice equipment in Ontario and Atlantic Canada, including ice cream machines, milkshake machines, double-sided grills, ovens, fryers and premium coffee systems, supported by 60+ factory-trained technicians.
• Think Green Solutions LED Lighting and Energy Optimization National commercial provider of premium LED lighting and energy-efficient lighting control solutions, delivering design, supply, installation and service for retrofit and new construction projects across multi-site commercial and industrial customers in Canada and the United States. Average annual revenues of approximately $6.3 million at 22-24% EBITDA margins.

Quantifiable outcome

• Q3 2025 Infinity-FCM revenue of $9.2M, up 28% year-over-year; EBITDA of $1.1M, up 84%.
• +6 more outcomes

Named customers13 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

14 partnerships are on record, tiered flagship / transformational acquisition, core strategic acquisition, flagship / foundational platform acquisition, core strategic oem partner, minor service provider, core affiliated entity (parent/affiliate) and minor (independent director affiliation).

• TFI Food Equipment Solutions (Taylor Freezers Inc.)flagship / transformational acquisitionStrategic or Co-development Partner · 6 May 2026Acquired May 6, 2026 as a transformational deal adding ~$40M of annual revenue and increasing Elevate's pro forma revenue base by 80% to ~$90M. TFI is a leading foodservice equipment distributor and service provider with exclusive multi-year distribution rights for Taylor, Henny Penny and Franke Coffee Systems, 60+ factory-trained technicians, and relationships with McDonald's, Tim Hortons, Circle K, Loblaws, Dairy Queen and KFC. Consideration: $300,000 cash, 365,000 common shares (lockups 4 months to 5 years), and a $1.8M unsecured, subordinated promissory note. President Michael Cheung appointed Head of Sales & Business Development.
• Think Green Solutions Inc.core strategic acquisitionStrategic or Co-development Partner · 15 April 2026Acquired April 15, 2026 for $5.15M ($1.35M cash, $600k deferred payments, $1.45M in common shares, $1.75M promissory note). National LED lighting and energy optimization platform founded in Cambridge, Ontario, with average annual revenues of ~$6.3M and EBITDA margins of 22–24%. Founders Dennis Devey and Robert Whiteside continue in operating roles; Robert Whiteside was appointed Head of Operations & Integration for Elevate.
• JJ&A Mechanical Ltd.core strategic acquisitionStrategic or Co-development Partner · 15 April 2026Acquired April 15, 2026 for $745,000 (~$145,000 cash and $600,000 in common shares). Commercial plumbing and heating services contractor based in British Columbia serving the Greater Vancouver Area and Fraser Valley; ~$2M annual revenues at 10% EBITDA margins. Founder Justin Ralph assumes operational leadership role for British Columbia.
• Charged Electric Services Ltd.core strategic acquisitionStrategic or Co-development Partner · 26 January 2026Acquired in January 2026 for $1.5M ($1.2M in Elevate common shares and $300,000 cash). Ontario-based specialized electrical contractor founded by Tyler Weiss serving commercial and industrial customers across Kitchener-Waterloo, Guelph, London, and western GTA, with ten certified electricians and apprentices. New Hamburg facility serves as a regional operations hub.
• Infinity Group Construction Inc.flagship / foundational platform acquisitionStrategic or Co-development Partner · 10 November 2025Infinity Group Construction is one of Elevate's two foundational platform acquisitions completed concurrent with the November 2025 qualifying transaction. It is a 100% Canadian-owned full-service, national facility management company started in 2003, specializing in plumbing, grease trap, electrical, general maintenance, renovations, design-build, water systems and restaurant equipment repair for national retailers and restaurants. Gary Raulino (Founder) and Dwayne Roberts (President) remain in senior operating leadership roles.
• First Choice Maintenance Inc.flagship / foundational platform acquisitionStrategic or Co-development Partner · 10 November 2025Acquired alongside Infinity on November 10, 2025 as part of the qualifying transaction. First Choice Maintenance is a facility management company specialized in plumbing, water systems, grease traps, back-flow testing, drainage, installations, repairs and maintenance.
• Taylor (foodservice equipment OEM)core strategic oem partnerOEM/ Whitelabel/ Licensing PartnerTFI holds exclusive multi-year distribution rights in Ontario and Atlantic Canada for Taylor, a globally recognized restaurant equipment brand, selling ice cream machines, milkshake and frozen beverage machines, high-performance double-sided grills, ovens and fryers. TFI is the only factory-trained and certified service provider for these products in its territory.
• Henny Penny (foodservice equipment OEM)core strategic oem partnerOEM/ Whitelabel/ Licensing PartnerTFI holds exclusive multi-year distribution rights in Ontario and Atlantic Canada for Henny Penny, a globally recognized restaurant equipment brand, with factory-trained and certified technical service for mission-critical equipment.
• Franke Coffee Systems (foodservice equipment OEM)core strategic oem partnerOEM/ Whitelabel/ Licensing PartnerTFI holds exclusive multi-year distribution rights in Ontario and Atlantic Canada for Franke Coffee Systems, a globally recognized premium coffee systems brand, with factory-trained technical service.
• Independent Trading Group (ITG)minor service providerGTM or Marketing PartnerEngaged to provide market-making services for Elevate common shares on the TSX Venture Exchange and other trading venues, with the objective of maintaining a reasonable market and improving liquidity. Compensation of $6,000 per month, initial one-month term renewing monthly with 10 days' notice. No performance factors or securities compensation. Subject to TSXV approval.
• Global One Media Limitedminor service providerGTM or Marketing PartnerEngaged to produce and distribute media content and company news for investor marketing and outreach. Term from May 1, 2026 to October 31, 2026, renewable with mutual agreement. Compensation of US$4,500 per month, no performance factors or securities compensation. Subject to TSXV acceptance.
• Westmount Park Investmentscore affiliated entity (parent/affiliate)Strategic or Co-development PartnerWestmount Park Investments, founded by Executive Chairman Romeo Di Battista Jr., is the affiliated investment entity behind the Westmount Park model. Elevate's contact page lists Westmount Park's Maple, Ontario office alongside Infinity Group Construction's Burlington office.
• Bayline Capital Partnersminor (independent director affiliation)Strategic or Co-development PartnerAaron Unger, principal of Bayline Capital Partners, sits on Elevate's Board as an Independent Director. Bayline is a financial advisory firm engaged in fund raising, corporate strategic alternatives and go-public transactions.
• Helia Capitalminor (independent director affiliation)Strategic or Co-development PartnerSebastien Koechli, Managing Director at Helia Capital (where he leads the firm's investment activities), sits on Elevate's Board. Helia Capital sources and evaluates potential investment opportunities, structures transactions, leads due diligence, and ensures effective governance of portfolio companies at the board level.

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Ainsworth Inc. Canadian-based multi-trade mechanical and electrical services provider delivering HVAC, electrical, building automation and facility services to commercial, institutional and industrial customers. Comparable in electrical/mechanical FM focus and Canadian footprint.
• Dexterra Group: TSX-listed Canadian provider of facility management, workforce accommodations and aviation services, serving government, commercial and industrial customers. Comparable as a publicly traded Canadian FM platform executing buy-and-build acquisitions.
• Black & McDonald: Privately held Canadian multi-trade contractor offering electrical, mechanical, utility, facility management and maintenance services across Canada. Closely comparable in service portfolio, multi-trade self-perform model and customer base.
• BGIS: Brookfield-owned facility management and real estate services provider in Canada, delivering integrated multi-trade FM (electrical, plumbing, maintenance) to national and multi-site enterprise customers. Directly comparable to Elevate in target customer, service portfolio and consolidation strategy.

Emerging players

• ATCO Structures & Logistics: Division of ATCO Ltd. providing modular structures, facility operations and logistics services, including remote-site facility management across Canada. Comparable in remote/multi-site FM service delivery to enterprise customers.
• CES Engineering (now part of Canem Systems): Western Canadian multi-discipline engineering and construction services firm serving commercial, institutional and industrial customers with electrical, mechanical and building services. Comparable as a regional multi-trade FM consolidator in the Canadian West.

Broad incumbents

• Compass Group Canada: Canadian arm of Compass Group, a global contract foodservice and support services provider serving workplaces, healthcare, education and remote sites. Adjacent peer given shared end-customers (QSR, healthcare, institutional foodservice equipment).
• FirstService Corporation: TSX/NASDAQ-listed North American leader in residential property management and essential services (commercial facility services, energy, solar). Comparable as a publicly traded Canadian-headquartered services consolidator with a multi-trade offering.
• Sodexo Canada: Subsidiary of global FM and food services giant Sodexo, providing integrated facility management, food services and technical services to Canadian enterprises. Comparable in multi-site enterprise FM but operates at materially larger scale as a broad incumbent.

Others

• TFI International: Canadian-based transportation and logistics conglomerate (TSX-listed) with a long history of disciplined buy-and-build roll-ups. Not a direct competitor but a reference model for Canadian acquisition-led platform building and capital allocation discipline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elevate Service Group