Tampa’s Oracle expands beyond elevators
Oracle Elevator in Tampa bought Duncan Entrance Systems, a South Florida company that provides automatic door installation, repair and modernization services. The deal expands Oracle’s service range beyond elevators and escalators and into automated building entrances, a news release said. Financial terms were not disclosed. A new division, Oracle Entrance, is a first step in the development of other future service offerings, said Paul Belliveau, Oracle's president and CEO. Oracle, founded in 2004, is the largest independent elevator in the United States. Oracle has completed 31 acquisitions to date and says mergers and acquisitions are a key part of its national expansion strategy.