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Karl Reeves: A Trailblazer in the Elevator Business

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 pursuits led him to obtain 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.

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.

By 2004, Karl had established a strategic alliance with two longstanding partners to create Principal Advisors, Inc., a full-service Broker Dealer clearing 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 versatile skill set by introducing an innovative enterprise solution software package to enhance 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.

Over the subsequent seven years at the helm, Karl adeptly navigated Consolidated through shifting 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 continued success in a dynamic industry environment.

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.