We represented Arcline Investment Management (“Arcline”), a growth-oriented private equity firm, in its creation of Standard Elevator (“Standard”), a leading elevator components and solutions platform formed by the acquisitions of five critical suppliers to the largest elevator servicers and installers in the United States and Canada: Standard Elevator Systems, LLC (“SES”); EMI Porta, LLC (“EMI”); ZZIPCO, LLC (“ZZIPCO”); Texacone, LLC (“Texacone”); and Elevator Equipment Company, LLC (“EECO”). Terms of this transaction were not disclosed.
The combination of SES, EMI, ZZIPCO, Texacone, and EECO lays the foundation for Standard to become a vertically integrated one-stop shop for elevator parts, components, and software.