Arcline Investment Management to invest in D&D Elevator.

Arcline Investment Management, a growth-oriented private equity firm with $1.5bn of committed capital, agreed to invest in D&D Elevator, a well-established, independent provider of elevator maintenance, repair, modernization and new installation services across New York State. Financial terms were not disclosed. "We have achieved a sustained period of robust growth, which requires substantial resources to ensure we can continue to provide high-quality service to our customers. This significant investment provides us with necessary, long-term stability and the backing to continue our success story," Bobby Schaeffer, D&D Elevator CEO and President.