American Elevator acquired by Total Access Elevator
Context
On 24 September 2026, Southern California-based commercial elevator platform Total Access Elevator acquired Los Angeles-based independent service provider American Elevator Inc. The transaction executes an active buy-and-build strategy backed by private equity sponsor Century Park Capital Partners, deepening route density and broadening maintenance capabilities across the Greater Los Angeles and Southern California markets. American Elevator delivers non-OEM maintenance, emergency repair, and modernization services to commercial and residential property owners, operating on a high-retention, route-based model. Under the leadership of founder and owner Eli Carlstrom, the company established an extensive localized client portfolio, which will be integrated into Total Access’s operating infrastructure while preserving legacy client relationships and field engineering personnel. Led by Total Access General Manager and Managing Partner Hugo Vega alongside Century Park Capital Partners Principal and Board Member Adam Zacuto, the platform will leverage Century Park’s capital resources and operational playbooks to pursue follow-on acquisitions. The acquisition marks another step in consolidating the fragmented regional elevator services sector into a scaled, independent, non-OEM provider.
American Elevator, which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).
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Target
Based in Los Angeles, American Elevator Inc. is a leading independent provider of vertical transportation services across Southern California. The company delivers end-to-end technical building solutions, specializing in planned preventative maintenance, routine and emergency mechanical repairs, and full-scale modernization for commercial, industrial, and residential properties. Operating as an agile, non-OEM service platform, American Elevator functions independently of multinational manufacturers. This independent positioning enables the company to offer brand-agnostic maintenance, superior customer responsiveness, and cost-effective equipment overhauls tailored to local property owners and facility managers.
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REFERENCES
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: american elevator
Acquirer: total access elevator