Berkshire Partners to acquire 3Phase Elevator from Fort Point Capital.

Berkshire Partners, an American private equity, agreed to acquire 3Phase Elevator, an independent elevator and escalator services provider, from Fort Point Capital, a private equity firm. Financial terms were not disclosed. “We are thrilled to partner with the Berkshire team. The firm brings deep expertise in enabling the growth of market-leading services businesses like ours. This investment comes at an important time in 3Phase’s growth, and we expect that Berkshire’s digital and go-to-market capabilities will help us further strengthen the service we provide our existing customers, and also attract new customers,” Mike Strachan, 3Phase Elevator CEO.