Rockbridge Growth Equity (Rockbridge), a partnership-oriented middle market private equity firm with a differentiated approach to building and growing companies, has sold Kings III of America (Kings III), a third-party provider of elevator and pool emergency monitoring solutions across North America, to Arcline Investment Management.
Financial terms of the transaction have not been disclosed.
Under Rockbridge’s sponsorship, Kings III completed several major strategic initiatives. These include recruiting key additions to the Company’s management team; expanding into new markets; scaling the inside sales team; acquiring a close competitor; and building out new marketing and distribution channels.
Thayer Street Partners, a New York based private equity firm, was also a minority investor and board member in Kings III and exited the Company alongside Rockbridge. Honigman served as legal advisor and Raymond James served as financial advisor to Rockbridge and Kings III.
