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08/2025

LA Elevator acquired by Total Access Elevator

UNITED STATES Facility Management / Maintenance REV 1m USD - 100m USD

Context

Acquisition of LA Elevator by Total Access Elevator executes a targeted regional consolidation within the Southern California vertical transportation sector, officially completed in August 2025. Through this corporate transaction, Total Access Elevator strategically expands its operational footprint across key Los Angeles neighborhoods while enhancing its capacity to deliver responsive and dependable maintenance services. This strategic combination directly advances a formalized buy-and-build growth strategy orchestrated by Century Park Capital Partners, aimed at establishing a dominant independent elevator services platform through both organic expansion and targeted acquisitions. As articulated by Board Member Adam Zacuto, the transaction secures an experienced technical workforce and an established maintenance portfolio without causing immediate operational disruptions for existing clients. To execute a seamless workforce transition, Total Access Elevator established a formal partnership with the International Union of Elevator Constructors and its Local 18 branch, successfully facilitating the conversion of the target's formerly non-union technicians into union members. Both union representatives expressed enthusiastic support for welcoming the incoming technical staff into their collective bargaining framework. Furthermore, executive leadership under General Manager Hugo Vega confirms that the integration preserves complete operational continuity across all acquired service contracts while reinforcing the buyer's regional market presence and technical capabilities. By finalizing this structural acquisition, the institutional sponsor successfully executes its core portfolio mandate, effectively absorbing specialized regional service assets into a unified commercial platform designed for long-term expansion.

LA Elevator, which reported an EBITDA margin of in 2025, 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

Downstream from primary equipment manufacturing, LA Elevator operates as an independent regional provider specializing in elevator maintenance, repair, and modernization services across key neighborhoods in Los Angeles, California. The enterprise coordinates scheduled mechanical maintenance, technical repairs, and equipment upgrades to maintain dependable vertical transportation systems for property owners. Building a strong reputation for long-term customer relationships and operational reliability, the service provider administers dedicated technical support for diverse building types. The operational framework functions as an independent service platform, maintaining non-union technical personnel prior to structural integration. By concentrating its commercial activities on localized service delivery, the entity ensures continuous operational support for its regional maintenance portfolio without engaging in manufacturing operations.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2025
2024

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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.

Acquirer: total access elevator