Total Access Elevator, a Santa Fe Springs elevator servicing company founded in 2008, has completed its fourth acquisition in roughly a year and a half, part of a buying spree aimed at gaining market share across Southern California. The latest deals have folded smaller, independent competitors into a company now backed by private equity money and millions in fresh debt financing.
According to the Los Angeles Business Journal, Total Access Elevator is backed by Century Park Capital Partners, a private equity firm based in El Segundo. Adam Zacuto said Total Access Elevator is well on its way to creating the leading elevator services business in Southern California, per the same report. The company also expanded to San Diego and nearly doubled its employee count in 2024, the outlet reports.
The acquisition streak began in March 2025, when Total Access Elevator picked up Vertical Elevator Solutions, a Simi Valley-based maintenance, repair and modernization provider. Century Park Capital Partners called the deal the first in a series of planned acquisitions designed to accelerate the company’s growth, and said it strengthened Total Access Elevator’s footprint in Ventura County and Los Angeles.
LA Elevator and TRE Elevator Follow
Five months later, in August 2025, Total Access Elevator acquired LA Elevator, an independent provider of maintenance, repair and modernization services, according to a release carried by markets.financialcontent.com. That same release notes Century Park Capital Partners is a Los Angeles-based private equity group established in 2000 that supports its portfolio companies through buy-and-build acquisition integration programs and infrastructure additions.
The company then acquired TRE Elevator on October 28, 2025, per The Middle Market. The Los Angeles Business Journal reports that the TRE deal enabled Total Access Elevator to install machine-room-less elevators, a newer category of lift that operates without a traditional rooftop or basement machine room.
A separate, lower-confidence snippet indicates Total Access Elevator also acquired American Elevator, though the exact terms of that transaction have not been independently verified. The Los Angeles Business Journal’s report characterizes the latest purchase as the company’s fourth acquisition in its push to gain market share across the region.
Why Private Equity Keeps Circling Elevators
The elevator services market is highly fragmented and mostly composed of small, family-owned companies, which the Los Angeles Business Journal notes has made it attractive to consolidators. Private equity has been drawn to the business in recent years in part because maintenance and repair contracts generate recurring revenue, and because Southern California’s stock of older elevators creates a steady tailwind for modernization work, according to the same report. Newer elevator parts also become obsolete faster since they rely on modern software and computer-based controllers, which the outlet says shortens modernization cycles industry-wide.
That dynamic reflects a broader pattern. Since 2018, private equity firms have aggressively consolidated North American elevator service providers, according to Elevator World. Annual deal volume in the industry has exceeded 10 transactions every year since then and peaked at just below 40 in 2021, the trade publication reports, with private equity-backed platforms now maintaining roughly 10% of all elevators and escalators in the United States. Elevator World describes the presence of private equity firms in the industry as the new normal, pointing to customer retention rates for these consolidators generally running well above 90% and typical hold periods of three to seven years before a sale.
Financing Details Remain Partly Unclear
Money has flowed alongside the acquisitions, though the full financial picture is not fully reconciled across sources. Gladstone Capital Corporation reported investing $11.0 million in Total Access Elevator through secured first-lien debt in October 2025, and separately extended the company a new $9.85 million delayed-draw term loan commitment that was unfunded at closing, according to Gladstone Capital’s own financial results. The Los Angeles Business Journal, meanwhile, reports that Total Access Elevator received $18.3 million in debt financing from Gladstone Capital since 2024, which it says supported Century Park Capital Partners’ recapitalization of the company. The two financing figures are not reconciled in available reporting and should be treated as separate claims rather than parts of a single total.
Elevator oversight in the region remains a local government function regardless of who owns the servicing companies. The Los Angeles Department of Building and Safety inspects all elevators and related conveyances, as well as pressure vessels, annually for compliance with applicable codes, and also reviews new installations, modernization work and repairs while responding to customer complaints and reported accidents, according to the agency.
