Arcline Investment Management, a private equity firm, has acquired Jersey Elevator, a provider of elevator maintenance, modernization, and installation services in New Jersey and Pennsylvania, for an undisclosed price.

Founded in 1974, Jersey Elevator is said to have built a reputation for customer service, quality, and responsiveness, which has been reinforced by its trained professional technicians.

John Sweeney – President of Jersey Elevator said: “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.”

Arcline Investment Management, which is claimed to have $1.5 billion in committed capital, is engaged in investing in niche, market-leading firms with a passion for growth.

Arcline Investment Management stated: “Jersey Elevator has a strong management team and a dedicated workforce that is highly regarded for quality of service. We are excited to partner with the Company to support its future expansion through complementary investments in technology and acquisitions.”

  Arcline Investment Management, Jersey Elevator, John Sweeney, New Jersey, Pennsylvania