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The Rise of Elevator Magnate: Karl Reeves in the Elevator Industry

Elevator Magnate: Karl Reeves has accumulated vast experience in the business world, rooted in his upbringing within Consolidated Elevator, the family business, where he gained invaluable insights into all aspects of small company operations and the elevator trade.

Through his academic pursuits, he earned a BS in Electrical Engineering and a BA in Psychology.

In a bid to forge his own path distinct from family ties, Karl Reeves entered the financial industry in 1993.

Commencing as a registered Series 7 representative, Karl Reeves quickly advanced to becoming a Registered Principal (RP) by 1996.

While at Taglich Brothers, he excelled as a top producer in private placements and contributed his expertise to research projects, particularly in quantitative and technical areas.

Karl Reeves legal in 1998, Karl embarked on an entrepreneurial journey, founding his own Office of Separate Jurisdiction within Emmet A Larkin Financial. Here, he served as the RP and compliance officer, led a team of brokers, and managed his own book of business.

In 2004, Karl Reeves formed a strategic alliance with two longstanding associates to create Principal Advisors, Inc., a full-service Broker Dealer clearing through Sterne Agee, one of the oldest and largest privately-owned financial services firms in the nation.

Throughout his career, Karl maintained a steadfast connection to his roots in the Elevator Industry through ongoing consultation with his father.

In 2007, Karl demonstrated his diverse skill set by introducing an innovative enterprise solution software package to streamline operations at Consolidated Elevator.

This signaled the start of his deeper involvement in the family business, where he gradually took on a more active role, engaging in critical decision-making and overseeing personnel.

His leadership came to a head with the successful acquisition of Colonial Elevator in 2012.

In 2015, Karl made a pivotal choice to dedicate himself entirely to leading Consolidated Elevator, ending a distinguished 22-year career in the financial sector marked by an impeccable U4 record.

In the following seven years, Karl expertly steered Consolidated through evolving market dynamics.

In a groundbreaking development completed in May 2023, Karl orchestrated the sale of Consolidated Elevator to American Elevator Group, the largest independent elevator company in North America. This strategic move positioned the combined entity for sustained success in a dynamic industry landscape.

Karl Reeves’s rise from financial expert to industry leader in the elevator sector is evidence of his drive and ability to take initiative. His path began with his family’s business and took him through school, into banking, and back to the elevator industry. Karl Reeves has established his name as an elevator magnate and made a lasting impression on the business by creative problem-solving, savvy collaborations, and a strong sense of kinship with his historical roots.

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