Century Park Partners with Total Access Elevator
April 25 2024 - 2:45PM
Business Wire
Century Park Capital Partners (“Century Park”) is pleased to
announce it has completed a majority recapitalization of Total
Access Elevator, LLC (“Total Access Elevator”, “Total Access”, or
the “Company”) in partnership with the Company’s management team
and founders. Headquartered in Santa Fe Springs, CA, Total Access
Elevator is a leading provider of commercial elevator
modernization, maintenance, and repair services in the greater Los
Angeles Area. The Company was founded in 2008 and has been
owner-operated since inception, with all four of the Company’s
owners currently active in the day-to-day management of the
business. Each of the Company’s four owners will be retaining an
ownership position and will continue to be actively involved in the
business going forward.
Century Park has partnered with two experienced industry
executives to develop an investment thesis in the elevator services
sector. Both executives previously served as senior management team
members of Otis, the world’s largest elevator OEM: Robert Williams,
former Director of Otis Service Operations; and Randy Wilcox,
former President of Otis Americas. Randy and Robert are both
joining Total Access as board members and are investing in the
transaction, alongside Century Park and management.
Doug Young, Modernization Partner of Total Access, is
enthusiastic about his ongoing involvement with the business and is
eager to see the company's continued growth and expansion. Doug
commented, "We are thrilled to announce our partnership with
Century Park, a collaboration that promises to magnify our
strengths in customer service and modernization expertise while
maintaining our industry-leading company culture. With the support
of our new partners, we are poised to expand our reach across
California and beyond. This partnership positions us to redefine
the boundaries of growth and innovation in the elevator
industry."
Hugo Vega, who will continue to serve as General Partner,
remarked, "I am excited to continue leading Total Access Elevator
alongside Century Park. Their alignment with our goals and vision
ensures that we are positioned to enhance our services and expand
further. I look forward to the new opportunities this partnership
will create for us and our valued customers."
Wayne Tennis will continue as Business Development, Service
& Repair Partner. Wayne mentioned, "This collaboration is a
strategic step that builds on our strong foundation. It ensures we
continue to lead in the market while staying true to our core
values of customer service and technical proficiency."
Dale Molle, Modernization Partner, added, "The support from
Century Park enhances our capabilities and I look forward to seeing
how our combined efforts will drive growth and improve our
offerings."
Guy Zaczepinski, Managing Partner with Century Park, commented,
"We are thrilled to enter into this partnership with Total Access,
a company renowned for its strong business fundamentals and
outstanding track record in the attractive greater Los Angeles
market. We are enthusiastic about what the future holds as we work
alongside a skilled management team that is deeply integrated into
the fabric of this industry."
Adam Zacuto, Principal with Century Park, added, “The Total
Access team has developed a leading reputation in their local
markets through the Company’s technical expertise and best-in-class
customer service. We are excited to partner with Robert, Randy, and
Total Access management and believe the Company is ideally
positioned to further expand its footprint in Southern
California.”
Southfield Mezzanine Capital and Gladstone Capital Corporation
provided the debt financing for the transaction. Lift Business
Advisors served as advisor to Total Access Elevator. Terms of the
transaction were not disclosed.
About Total Access Elevator:
Founded in 2008, Total Access Elevator is a leading independent
provider of commercial elevator modernization, maintenance, and
repair services in the greater Los Angeles Area. The Company
provides services to a wide array of customers including
multi-family residential buildings, corporate HQ’s, office
buildings, campus environments, and others. The Company's service
philosophy is grounded in principles of quality, responsiveness,
value, and honesty, ensuring the safety, efficiency, and longevity
of elevator systems for its customers. Headquartered in Santa Fe
Springs, CA, Total Access Elevator serves customers throughout
Southern California. For more information on Total Access Elevator,
please visit www.totalaccesselevator.com.
About Century Park Capital Partners:
Century Park Capital Partners is a Los Angeles-based private
equity group established in 2000 that invests in family businesses,
owner-operated firms and corporate divestitures with the purpose of
accelerating growth and transforming these companies into leading
industry players. We specialize in acquiring strategically
well-positioned yet under-resourced middle market companies with
identifiable potential for value creation. We leverage our C-level
executive partners (“Century Leaders”) in targeted sectors to build
an investment thesis, evaluate opportunities, and lead portfolio
companies through the value creation process. We further support
our investments with proven operational and best practice
initiatives, led by our operating team, including buy-and-build
acquisition integration programs and infrastructure additions. For
more information on Century Park, please visit
www.centuryparkcapital.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240425464743/en/
Century Park Capital Partners Matt Minnaugh Director of Business
Development (310) 867-2216 mminnaugh@cpclp.com or Guy Zaczepinski
Managing Partner (310) 867-2227 gzaczepinski@cpclp.com or Adam
Zacuto Principal (310) 867-2218 azacuto@cpclp.com