Advised on acquisition of elevator maintenance, mod, and repair company

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Advised on acquisition of elevator maintenance, mod, and repair company

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Stout served as exclusive financial advisor to Arcline Investment Management, L.P., a growth-oriented private equity firm with $1.5 billion of committed capital, in connection with its acquisition of Pride & Service Elevator, Inc.

Founded in 1983 and subsequently acquired by the Todd family in 2010, Pride & Service is an independent provider of elevator design, maintenance, repair, modernization, and related value-added services across the New York-New Jersey-Connecticut tri-state area, with office locations in New York and Cranford, NJ.

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