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.