Kings III Acquired by Arcline Investment Management

Kings III, a Coppell, Texas-based provider of emergency monitoring solutions for elevator and other systems across North America, has been acquired by Arcline Investment Management, a private equity firm with offices in San Francisco and NYC, previous Kings III owner Rockbridge Growth Equity announced on September 6. Thayer Street Partners, a NYC-based private equity firm, was also a minority owner 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. Under the five-year ownership of Detroit-based Rockbridge, Kings III recruited key additions to its management team, expanded into new markets, built up its salesforce, acquired a competitor and established new marketing and distribution channels.