Information on the Target

Century Park Capital Partners has successfully secured a majority recapitalization of Total Access Elevator, LLC, a leading provider of commercial elevator modernization, maintenance, and repair services based in Santa Fe Springs, CA. Established in 2008, the company has remained under owner-operation since its inception, with all four owners actively involved in its day-to-day management. The management team has chosen to retain ownership positions in the firm, ensuring continued participation in its strategic operations.

Total Access Elevator serves a diverse range of clients throughout the greater Los Angeles Area, which includes multi-family residential buildings, corporate headquarters, office buildings, and educational campuses. The company is recognized for its commitment to quality service and dedication to ensuring the safety and reliability of elevator systems.

Industry Overview in the Target's Country

The elevator services industry in the United States is characterized by a growing demand for modernization and maintenance due to aging infrastructure and heightened safety standards. With millions of commercial buildings requiring regular elevator service, companies like Total Access Elevator have a significant market opportunity. Furthermore, the trend toward sustainable and energy-efficient building solutions is reshaping the elevator industry as customers increasingly seek services that align with environmentally friendly practices.

In California, the elevation of real estate development and urban renewal projects directly impacts the elevator services market. This region's robust construction activity and a steady influx of diverse populations necessitate an extensive elevator service network. The state's commitment to innovation and technological advancements also fosters a competitive environment that encourages companies to enhance their service offerings.

Total Access Elevator's strategic positioning within the Southern California market, combined with the industry's growth trajectory, positions the company ideally to capitalize on these opportunities. With the backing of seasoned industry leaders joining the board, Total Access is poised to innovate and expand its service capabilities to meet the growing demand.

The Rationale Behind the Deal

The partnership between Century Park Capital Partners and Total Access Elevator aims to leverage the latter's strong operational expertise and customer-centric approach while providing the resources necessary for growth. By integrating industry experts from Otis into Total Access's management structure, the partnership is set to enhance operational efficiencies and expand service offerings.

This recapitalization aligns with Century Park's strategic goal of investing in under-resourced companies with substantial growth potential. With Total Access Elevator’s stellar reputation and experienced management team rooted in the Los Angeles market, this partnership is designed to drive growth through modernization expertise and capital investment.

Information About the Investor

Century Park Capital Partners, headquartered in Los Angeles, is a private equity group established in 2000. The firm specializes in investment opportunities within family-owned businesses, owner-operated firms, and corporate divestitures. Its primary goal is to accelerate growth in these companies and transform them into leading figures in their respective industries.

By acquiring mid-market companies with identifiable potential for value creation, Century Park utilizes its network of experienced executives, known as Century Leaders, to guide these firms in developing effective strategies and operational enhancements. This partnership with Total Access Elevator exemplifies the firm’s commitment to fostering growth and innovation within targeted sectors.

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This deal presents a promising opportunity for both Century Park and Total Access Elevator. The partnership combines the operational strength and established market presence of Total Access with the strategic investment capabilities of Century Park, positioning the company for further growth in a favorable market environment.

Furthermore, the inclusion of industry veterans from Otis enriches the management team, introducing valuable insights and expertise in an evolving sector. This governance structure should facilitate successful execution of modernization initiatives, ultimately enhancing service delivery and customer satisfaction.

Investing in the elevator services sector during a time of significant growth and modernization is strategic. The partnership, with its focus on innovation and service excellence, appears to put Total Access in a favorable position to capitalize on industry trends and client demands.

Overall, this collaboration bears the potential to be a highly productive investment, as it not only enhances Total Access's operational capabilities but also reinforces its reputation as a leader in the elevator services industry.

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