A Quick History of

Elevator Magnate: Karl Reeves

Elevator Magnate: Karl Reeves has gained extensive experience in the business sector, stemming from his upbringing in Consolidated Elevator, the family business. This experience provided him with valuable insights into all facets of small business operations and the elevator industry.

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

Seeking to chart his own course separate from familial ties, Karl Reeves transitioned into 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 delved into entrepreneurship by founding his own Office of Separate Jurisdiction within Emmet A Larkin Financial. In this role, he served as the RP and compliance officer, led a team of brokers, and managed his own book of business.

By 2004, Karl Reeves had forged a strategic partnership with two long-standing colleagues to establish Principal Advisors, Inc. This full-service Broker Dealer cleared through Sterne Agee, one of the nation’s oldest and largest privately-owned financial services firms.

Throughout his professional journey, Karl remained closely connected to his origins in the Elevator Industry, seeking ongoing advice from 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 crucial decision to commit himself entirely to leading Consolidated Elevator, saying goodbye to a distinguished 22-year career in the financial sector, marked by an impeccable U4 record.

Over the subsequent seven years at the helm, Karl adeptly navigated Consolidated through shifting market dynamics.

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

Karl Reeves’s ascent from financial whiz to elevator business titan is proof of his ambition and self-starting spirit. He started out in his family’s business, went to school, worked in banking, and then returned to the elevator sector. Karl Reeves has been known as an elevator tycoon and left a lasting legacy in the industry by ingenious problem-solving, astute partnerships, and a deep sense of connection to his ancestry.