TK Elevator Corp

TK Elevator Corp, a foreign-owned subsidiary of Thyssenkrupp Materials NA, Inc., provides elevator and escalator manufacturing, installation, repair, modernization, and maintenance services to the federal government as a prime contractor on 322 of 331 recent awards, competing predominantly in full-and-open federal procurement with no set-aside posture. The company is headquartered in Marietta, Georgia, and operates under primary NAICS 232210 (Other Building Equipment Contractors) and PSC codes covering equipment maintenance and freight elevators.

TK Elevator Corp's customer base concentrates heavily on civilian infrastructure agencies. The General Services Administration's Public Buildings Service dominates award count and dollars combined: 238 awards worth approximately $76.8 million across the GSA's multi-region network (Region 4 leads with 106 awards, $18.2 million; Region 6 holds 22 awards but anchors $50.1 million in potential value, primarily the large modernization projects). The Administrative Office of the U.S. Courts ranks third with 15 awards valued at $21.7 million. Beyond these two anchor customers, TK Elevator works with the Department of Veterans Affairs (which holds a $500,000 maximum indefinite delivery contract at Chillicothe VA Medical Center through October 2029), the Department of Justice U.S. Marshals Service, the Federal Aviation Administration, and the Department of Interior, collectively spanning 32 distinct federal agencies. The top five customers account for 76 percent of award count.

Concrete work examples illustrate the vendor's scope. On the prime side, TK Elevator delivered a $2.83 million delivery order from the Administrative Office of the U.S. Courts for elevator modernization and transfer switch replacement at the Hugo L. Black U.S. Courthouse in Birmingham, Alabama (awarded June 2024, due January 2027), a $3.24 million delivery order from GSA for elevator modernization at the Sam M. Gibbons Courthouse in Tampa, Florida (March 2022, due November 2025), a $2.99 million delivery order from the Administrative Office of the U.S. Courts for elevator modernization at the RL Timberlake Federal Office Building in Tampa (September 2023, due January 2026), and a $5.17 million delivery order from GSA Region 7 for Hale Boggs U.S. Courthouse elevator repairs in New Orleans (May 2022, due November 2024). Smaller repair and emergency orders—water damage rectification, component replacement, ADA accessibility upgrades—comprise the bulk of the award count; a typical delivery order ranges from $3,000 to $100,000. As a subcontractor, TK Elevator provides elevator supply and installation under Watterson Construction Co on a General Services Administration construction project (awarded September 2024).

Activity has contracted sharply. Awards per year fell from 30 in 2022 to 21 in 2024, 13 in 2025, and 16 in 2026 year-to-date. Sixteen awards (combined potential value $9.6 million) reach ultimate completion within the next twenty-four months and face recompete exposure. The vendor sits on two active GSA indefinite delivery contracts: 47PG0818D0001 with 153 task orders valued at $45.3 million (the primary vehicle), and GS06P11GXD0069 with 116 task orders valued at $11 million. These two IDCs anchor the bulk of the vendor's federal elevator services footprint.

Service Contract Inventory data captures a partial view of federal service delivery. SCI-reportable invoiced revenue totaled $14.9 million across fiscal years 2022–2024 (FY2025 shows no invoicing in the SCI dataset). Workforce peaked at 5.6 FTEs in FY2023, declining to 1.9 FTEs in FY2024 and falling to zero in FY2025, reflecting the activity trajectory compression. Government-paid hourly rates on SCI-covered service contracts ranged from $142.80 per hour at the tenth percentile to a median of $932.57 per hour, with senior labor reaching $1,775.67 per hour at the ninetieth percentile. Across all SCI-reportable prime contracts, TK Elevator self-performed 100 percent of contractor hours with zero subcontractor engagement, indicating a vertically integrated delivery model rather than a teaming or sub-reliant approach.

The vendor competes in the commercial and institutional federal facility maintenance and repair market, where GSA's regional indefinite delivery contracts and the Administrative Office of the U.S. Courts' courthouse modernization programs drive the majority of work. The activity decline in 2024–2025, combined with the recompete cliff and shrinking SCI footprint, signals either a deliberate exit from lower-margin service work or market contraction in federal elevator modernization procurement.