MEMPHIS, Tenn., January 26, 2022 /PRNewswire/ — Arcline Investment Management (“Arcline”), a growth-focused private equity firm, today announced the creation of Standard Elevator (“Standard”), a platform of components and solutions for leading lifts formed by the acquisition of five key suppliers to the world’s largest lift repairers and installers 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”). jimmy itthe founder of SES, will remain a significant minority shareholder in the combined company.
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.
Arcline commented: “SES, EMI, ZZIPCO, Texacone and EECO all have excellent reputations, strong management teams and leading product portfolios of engineered components for critical elevator infrastructure. The companies maintain strong market positioning, innovative hardware and software solutions, and growth-oriented cultures, which fit well into the Arcline portfolio. We have extensive industry expertise, and are delighted to partner with Jimmy He to execute our shared strategic plan for organic and inorganic growth.”
Jimmy Hefounder and owner of SES, said: “SES is delighted to have the resources and industry expertise of Arcline behind us for our next chapter of growth. Throughout the process, I have been impressed with Arcline’s deep industry knowledge, speed of execution and ease of delivery. With this exciting combination, Standard is poised to become a truly integrated, automated, single-source supplier. and field-focused for all elevator contractors in North America. Our goal is to be the leading provider of elevator mechanics and our partnership with Arcline gives us the opportunity to realize this vision.”
William Blair was financial advisor to Arcline.
About Arcline Investment Management
Arcline Investment Management is a growth-oriented private equity firm with $4.4 billion in cumulative capital commitments. Arcline seeks to invest in globally meaningful, technology-driven industrial companies that enable a better future. For more information, visit www.arcline.com.
About Standard Elevator Systems, LLC
Standard Elevator Systems, LLC is headquartered in Memphis, Tennessee, and is a technology-driven elevator machinery solutions provider whose innovative offerings include elevator field technology, new elevator system designs, custom modernization solutions, and components and sub -integrated elevator systems. SES uses some of the latest technologies in automation, augmented reality, artificial intelligence and composite materials in the applications of its solutions for multinational and independent elevator repairers.
EMI Porta, LLC, headquartered in Arlington Heights, Illinois, is a leading manufacturer and marketer of low-rise residential and commercial elevator components and real-time monitoring software for building mobility equipment. EMI’s product categories include residential controllers, gates and door equipment. Through its LiftNet® brand, EMI also offers a range of monitoring products and proprietary software solutions, which provide integrated monitoring for facility operators.
ZZIPCO, LLC is headquartered in Franklin Lakes, New Jersey, and is a leading supplier and distributor of standard and bespoke elevator components, as well as engineering services specializing in safety devices. The company’s products are mainly used for aftermarket elevator modernization and repair.
Texacone, LLC is headquartered in Mesquite, TX and is a leading manufacturer of critical molded elastomeric and urethane seals critical to hydraulic elevator cylinders. The company was founded in 1932 and is a key aftermarket supplier to elevator repairers performing repairs and upgrades.
About Elevator Equipment Company, LLC
Elevator Equipment Company, LLC is headquartered in Los AngelesCalifornia, with an additional world-class manufacturing facility located in richmond, Indiana. The company was founded in 1946 and is a leading designer and manufacturer of commercial and residential hydraulic elevator parts, components and subsystems, and can also supply complete hydraulic elevator assemblies.
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SOURCE Arcline Investment Management