Rockbridge exits elevator and pool emergency services firm Kings III

• Thayer Street Partners was also a minority investor and exited Kings III alongside Rockbridge
• Honigman served as legal advisor to Rockbridge and Kings III while Raymond James served as financial advisor
• Kings III is headquartered in Coppell, Texas

Rockbridge Growth Equity has sold Kings III of America, a provider of elevator and pool emergency monitoring solutions across North America. The buyer was Arcline Investment Management. No financial terms were disclosed.

“We’re pleased with this terrific outcome, which is a result of executing on the value creation plan we developed with management at the time of our initial investment,” said Steve Linden, a partner of Rockbridge, in a statement. “The company’s transformation under our five-year ownership is a testament to management’s impressive ability to execute on an ambitious growth plan while maintaining an unwavering level of service quality and mission-critical support its customers. We are confident Kings III is well-positioned for further expansion, and we wish them the best of luck in the future.”

Thayer Street Partners, a New York based private equity firm, was also a minority investor and board member in Kings III and exited Kings III alongside Rockbridge. Honigman served as legal advisor and Raymond James served as financial advisor to Rockbridge and Kings III.

Kings III is headquartered in Coppell, Texas.

Rockbridge was founded in 2007.