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ARCLINE INVESTMENT MANAGEMENT INVESTS IN KENCOR

Arcline Investment Management, a private-equity firm with offices in San Francisco and NYC, announced today it has invested Kencor Elevator Systems, headquartered in West Chester, Pennsylvania, and providing modernization, maintenance, repair and new installation across the Mid-Atlantic region. The announcement comes on the heels of Arcline’s investment in and acquisition of D&D Elevator and Jersey Elevator. Kencor was founded in 1981 by Richard Kennedy, who will remain as a consultant. Karen Kennedy, CEO and Richard Kennedy’s daughter, said the company remains committed to quality and customer service and that Arcline’s investment will provide Kencor employees opportunities for further growth and development. Speaking on behalf of Arcline, which has US$1.5 billion in committed capital in companies, C. Mark Boelhouwer observed, “Kencor Elevator is highly regarded, with a strong reputation for exceptional customer service. The addition of the company to Arcline’s elevator-services portfolio significantly expands our regional coverage and perfectly complements our other portfolio companies — in particular, Jersey Elevator and D&D.”

Image credit: courtesy of Kencor

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