Arcline Creates Standard Elevator Through Acquisitions

What this episode covers

Welcome to the Elevator World News Podcast. Today’s podcast is presented by Matot Dumbwaiters and Material Lifts. Visit www.Matot.com to learn more ARCLINE CREATES STANDARD ELEVATOR THROUGH ACQUISITIONS Standard Elevator, a new company created by growth-oriented private-equity firm Arcline Investment Management, will offer the vertical-transportation (VT) industry a leading choice of elevator components and solutions platforms, Arcline announced in January. Standard was set up through the acquisition of five critical suppliers: Standard Elevator Systems (SES) of Memphis, Tennessee; EMI Porta (EMI) of Arlington Heights, Illinois; ZZIPCO of Franklin Lakes, New Jersey; Texacone of Mesquite, Texas; and Elevator Equipment Co. (EECO) of Los Angeles. These firms have been serving the largest elevator servicers and installers in the U.S. and Canada. The combination of the five companies lays the foundation for Standard to become a VT-integrated, one-stop shop for elevator parts, components and software, Arcline said. Jimmy He, founder of SES, will remain a significant minority shareholder in the combined business. Arcline is a growth-oriented private-equity firm with US$4.4 billion in capital commitments. Image credit: Courtesy of Hamilton Public Library To read the full transcript of today's podcast, visit: elevatorworld.com/news Subscribe to the Podcast: iTunes │ Google Play | SoundCloud │ Stitcher │ TuneIn

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