TK Elevator Corp

TK Elevator Corp, a foreign-owned subsidiary of Thyssenkrupp Materials NA, Inc., delivers elevator installation, repair, modernization, and maintenance services to civilian federal agencies as a prime contractor on 97% of recent awards, competing predominantly in full-and-open procurements with no set-asides across its footprint.

TK Elevator Corp operates from Marietta, Georgia, specializing in concrete vertical transportation work: elevator repair and modernization at federal courthouses and buildings, passenger and prisoner elevator systems, emergency water-damage and failure repairs, door operator and electrical component replacements, and ADA compliance upgrades. The vendor's primary NAICS is 232210 (Other Building Equipment Contractors), with secondary coding in 333921 (Elevator and Moving Stairway Manufacturing). Representative work includes a $3.52 million delivery order with the Administrative Office of the U.S. Courts for mid-rise elevator modernization at the Richard B. Russell Federal Building in Atlanta (awarded July 28, 2025, completion December 31, 2027); a $3.24 million delivery order with GSA Region 4 for elevator modernization and repair at the Sam M. Gibbons Courthouse in Tampa, Florida (March 1, 2022, completion November 28, 2025); and a $2.83 million delivery order for judge's elevator modernization at the Hugo Black Federal Courthouse in Birmingham, Alabama (June 28, 2024, completion January 8, 2027).

Customer concentration is heavily skewed toward GSA's Public Buildings Service and the Administrative Office of the U.S. Courts. The top five customer organizations account for 78% of awards: GSA Region 4 leads by count at 106 awards worth $18.2 million combined potential value; GSA Region 7 follows with 90 awards valued at $7.6 million; GSA Region 6, despite only 22 awards, represents the highest potential value at $50.1 million combined; GSA Region 8 carries 20 awards worth $4.5 million; and the Administrative Office of the U.S. Courts holds 15 awards totaling $21.7 million. The top-customers-by-potential-value ranking surface tension: GSA Region 6's concentrated dollar value reflects larger single modernization projects, whereas Region 4 and Region 7 place numerous smaller repair and maintenance task orders.

Vehicle position centers on two mature GSA indefinite delivery contracts under which TK Elevator Corp places the bulk of its task orders. Indefinite Delivery Contract 47PG0818D0001, a GSA-managed national elevator services vehicle, carries 145 task orders worth $45 million combined potential value. Indefinite Delivery Contract GS06P11GXD0069 holds 116 task orders valued at $11 million. A single-award Veterans Affairs IDC for elevator maintenance at Chillicothe VA Medical Center was awarded November 1, 2024, with a base-year value of $62,000 and a five-year ceiling of $500,000 through October 31, 2029.

Activity trajectory shows contraction. Awards per year declined from 35 in 2023 to 21 in 2024, then to 13 in 2025 and 8 in the first half of 2026. Eleven awards with ultimate completion dates in the next twenty-four months carry combined potential value of $8.9 million — moderate recompete exposure. The vendor's 323 total awards span fifteen years (first award June 27, 2007), with $152.6 million combined potential value and $111.1 million obligated (73% obligation ratio). Service Contract Inventory data covers FY2022–FY2024 and reports $14.9 million in invoiced federal services revenue across 41 prime records, with FY2023 peak at $8.7 million and 5.6 FTEs and FY2024 decline to $2.7 million and 1.9 FTEs. Median government-paid hourly rates run $932.57/hr, with rates spanning from $142.80/hr (10th percentile) to $1,775.67/hr (90th percentile), reflecting a mix of field labor and engineering work. Across SCI-reportable prime contracts, the vendor performs 100% of contractor hours internally — zero subcontractor engagement.

The vendor's sub footprint is minimal: one sub award appears in the source, a 2024 supply-and-install elevator task under prime contractor Watterson Construction Co. on a Fort Worth facility construction project. The sub-awards count (9 total, 3% of all awards) is substantially outweighed by prime work. TK Elevator Corp operates as a captive delivery organization, building its own field and engineering teams rather than subcontracting out delivery.