Announced
Completed
Financials
Sources
Tags
Domestic
Private Equity
Private
United States
Friendly
Majority
Single Bidder
Maintenance Repair and Overhaul (MRO)
Acquisition
Completed
elevator maintenance
Synopsis
Arcline Investment Management, a private equity firm with $1.5bn in committed capital, completed the acquisition of Jersey Elevator, a provider of elevator maintenance, modernization and installation services. Financial terms were not disclosed. "Forty-six years after my father founded the Company, this move provides us with a strong foundation for the continued development of the business. I am excited to be working with Arcline to create lasting growth within our industry," John Sweeney, Jersey Elevator President.
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