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Elevator Magnate: Karl Reeves

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.

His academic endeavors led him to achieve a BS in Electrical Engineering and a BA in Psychology.

To carve out his own path separate from family obligations, Karl Reeves entered the financial sector in 1993.

Starting as a registered Series 7 representative, Karl Reeves rapidly progressed to attaining the status of a Registered Principal (RP) by 1996.

During his tenure at Taglich Brothers, he distinguished himself as a top producer in private placements while also contributing his expertise to research endeavors, quantitative and technical.

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.

During his career, Karl kept a strong connection to his roots in the Elevator Industry, regularly consulting 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 marked the start of his increased involvement in the family business, where he gradually took on a more hands-on role, actively participating in crucial decision-making and overseeing personnel.

His leadership culminated in orchestrating the successful acquisition of Colonial Elevator in 2012.

By 2015, Karl made the pivotal decision to devote himself full-time to leading Consolidated Elevator, bidding farewell to a distinguished 22-year career in the financial sector characterized by an impeccable unblemished 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.

The transformation of Karl Reeves from a financial expert to a prominent figure in the elevator industry is a testament to his entrepreneurial spirit and leadership skills. His journey, rooted in family business, led him through academia and into finance before ultimately returning him to the elevator trade. Through strategic alliances, innovative solutions, and a deep connection to his roots, Karl Reeves has solidified his legacy as an elevator magnate, leaving an indelible mark on the industry.