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Announced

Completed

Arcline completed the acquisition of Jersey Elevator.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private Equity

Private

United States

Friendly

Majority

Single Bidder

Maintenance Repair and Overhaul (MRO)

Acquisition

Completed

elevator maintenance

Synopsis

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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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