Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com
ARCLINE INVESTMENT MANAGEMENT INVESTS IN D&D ELEVATOR
Arcline Investment Management, a private-equity firm with offices in San Francisco and NYC, announced on August 14 it has invested in D&D Elevator, headquartered in Yonkers, New York. The announcement comes of the heels of Arcline’s acquisition of Jersey Elevator. Founded in 1981, D&D is a provider of elevator maintenance, repair, modernization and new installation across New York state. Company CEO and President Bobby Schaeffer said, “We have achieved a sustained period of robust growth, which requires substantial resources to ensure we can continue to provide high-quality service. This significant investment provides us with necessary, long-term stability … .” Speaking on behalf of Arcline, which has US$1.5 billion in committed capital in companies that include those in the industrial technology and aerospace sectors, C. Mark Boelhouwer observed, “D&D Elevator is widely recognized for its quality of service and has a legacy of long-term relationships built on the highest levels of customer satisfaction. We are delighted to welcome the company to our expanding elevator services portfolio and look forward to supporting its continued growth through additional investments in technology and complementary acquisitions.”
Image credit: courtesy of D&D Elevator
To read the full transcript of today's podcast, visit: elevatorworld.com/news
Subscribe to the Podcast: iTunes │ Google Play | SoundCloud │ Stitcher │ TuneIn
