Elevator World

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