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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 endeavors led him to achieve 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.

Initially a registered Series 7 representative, Karl swiftly advanced to the role of 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.

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.

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.

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 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.