TK Elevator Corporation

TK Elevator Corporation, doing business as Thyssenkrupp Elevator Cor, operates as a foreign-owned prime contractor delivering elevator installation, modernization, maintenance, and repair services to federal civilian agencies on a full-and-open basis without small business set-aside certifications. The vendor competes across 161 federal customer agencies and has generated $1.19 billion in combined potential value across 1,433 awards spanning prime contracts and IDIQs, with 99 percent prime work and minimal subcontractor engagement.

Customer concentration is pronounced and tied to infrastructure scale. GSA Public Buildings Service National Capital Region dominates both volume and dollars—50 awards carrying $765.2 million combined potential value represent 74 percent of TK Elevator's combined federal potential value. VA medical centers rank second by customer count but third by dollars: Department of Veterans Affairs Veterans Health Administration across multiple VISNs accounts for roughly $160 million across over 150 awards. GSA Regions 10 and 5 contribute an additional $26.6 million across 120 awards focused on preventative maintenance and emergency repair at courthouses and federal buildings in the Pacific Northwest and Upper Midwest. Indian Health Service, the Department of Transportation Federal Aviation Administration Southwestern Region, and Department of Justice Bureau of Prisons round out the active customer set.

TK Elevator's vehicle portfolio centers on two primary channels: the GSA Multiple Award Schedule, which carries 1,112 task orders valued at $294 million and represents the vendor's dominant doorway to federal customers, and the National Elevator Modernization and Construction IDIQ, a $650 million multiple-award vehicle established in September 2024 under which TK Elevator holds a position. Eleven delivery orders totaling $38.4 million have issued under the modernization IDIQ to date, with recent awards including a $13.76 million Lafayette Building modernization in Washington, D.C. (September 2024), a $3.72 million high-rise modernization at the Joseph P. Addabbo Federal Building in Jamaica, Queens (January 2026), a $2.58 million Greenbelt Courthouse renovation in Maryland (May 2026), and a $2.1 million Glenn Anderson modernization in Long Beach (July 2026). TK Elevator also holds single-award IDIQs with Veterans Integrated Service Networks 15, 20, and 21 for elevator maintenance at specific VA Medical Center locations, and regional BPAs with GSA Regions 5 and 10 for facility-specific and district-wide elevator services.

Recent prime work is concentrated in VA elevator modernization driven by Executive Order 14398. Between September 8 and September 29, 2026, TK Elevator won 13 definitive contracts and delivery orders valued at $90.5 million for elevator modernization across VA Medical Centers nationwide—Birmingham ($3.77 million), Fort Buchanan Puerto Rico ($13.1 million), Bronx ($10.75 million), Washington DC ($1.63 million), Cheyenne ($2.48 million), North Las Vegas ($15.44 million), Roseburg ($1.74 million), Memphis ($1.28 million), Pittsburgh ($2.3 million), Wilkes-Barre ($2.52 million), Tuskegee ($2.22 million), Reno ($4.95 million), and Fort Harrison ($496 thousand), all under firm fixed-price terms with completion dates spanning August 2027 through April 2030. These awards emerged from a nationwide VA sources-sought phase posted November 19, 2025, targeting modernization across over 100 VA Medical Centers covering approximately 800 elevators. The vendor also holds smaller routine maintenance contracts at individual VA facilities (Marion, Poplar Bluff, Spokane, and others) valued between $76 thousand and $717 thousand annually.

Outside the VA footprint, representative recent work includes a $2.32 million GSA National Capital Region delivery order for modernization of elevators 4, 5, and 6 at the Wiley Federal Building (September 2026, completion August 2027); a $331 thousand NIH delivery order for 24-hour maintenance and repair of ten elevators and one wheelchair lift at the National Institute of Environmental Health Sciences in Research Triangle Park, North Carolina (September 2026, completion September 2031); and a $1.91 million GSA delivery order to modernize elevator doors for cars 1 through 13 at the VA Headquarters Building in Washington, D.C. (January 2026, completion January 2027).

Activity has remained steady over the past five years—62 awards in 2022, 69 in 2023, 43 in 2024, 35 in 2025, and 50 in 2026 year-to-date—with 57 awards (combined potential value $73.7 million) reaching ultimate completion within the next twenty-four months and therefore facing recompete. GSA Regions 5 and 10 host significant recompete exposure in their regional facility maintenance contracts; VA Networks 2, 20, and 21 face modernization program completions through 2030.

Service Contract Inventory reporting shows TK Elevator invoiced $20.7 million in SCI-reportable prime services from FY2022 through FY2025, with peak invoicing of $10 million in FY2022 and $9.6 million in FY2023. FTE trajectory declined from 16.3 in FY2022 to 3.9 in FY2025 (37 prime contracts reported in FY2025), reflecting SCI's partial coverage of the vendor's federal footprint—the majority of TK Elevator's work is goods (elevator equipment and parts), micro-purchases, and low-value task orders below the SCI reporting threshold. Government-paid hourly rates on SCI-reportable service contracts ranged from $87.81/hr (10th percentile) to $1,581.29/hr (90th percentile), with a median of $473.59/hr. Across SCI prime contracts, the vendor reported zero average subcontractor-hours share, indicating comprehensive self-performance of service delivery on reportable contracts.

TK Elevator operates as a subsidiary of Thyssenkrupp Materials NA, Inc., a for-profit parent entity, and competes without small business or set-aside designations. The vendor self-performs elevator installation, modernization, maintenance, and repair services and does not systematically engage subcontractors on federal service work above the SCI reporting threshold. Headquarters location is Addison, Texas. Primary NAICS codes in the award portfolio are 238290 (Other Building Equipment Contractors) and elevator/moving stairway manufacturing (59 awards). The vendor's federal footprint is anchored by recurring maintenance and emergency repair work at GSA facilities and VA medical centers, with periodic modernization projects on the $650 million GSA national IDIQ and smaller facility-specific IDIQs driving higher-dollar order volume in discrete years.