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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.

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.

Initially a registered Series 7 representative, Karl swiftly advanced to the role of Registered Principal (RP) by 1996.

At Taglich Brothers, he set himself apart as a leading producer in private placements, all while contributing his expertise to research efforts, particularly in quantitative and technical aspects.

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.

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.

Throughout his career, Karl maintained a steadfast connection to his roots in the Elevator Industry through ongoing consultation with his father.

In 2007, Karl showcased his multifaceted skill set by implementing an innovative enterprise solution software package to streamline operations at Consolidated Elevator.

This marked the beginning of his deeper involvement in the family business, where he progressively assumed a more hands-on role, actively engaging in critical decision-making processes and personnel oversight.

His leadership culminated in orchestrating 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.

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 rise from financial expert to industry leader in the elevator sector is evidence of his drive and ability to take initiative. His path began with his family’s business and took him through school, into banking, and back to the elevator industry. Karl Reeves has established his name as an elevator magnate and made a lasting impression on the business by creative problem-solving, savvy collaborations, and a strong sense of kinship with his historical roots.

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