Latest news with #elevator
Yahoo
3 days ago
- Business
- Yahoo
Total Access Elevator Acquires LA Elevator as Part of Growth Strategy
LOS ANGELES, August 07, 2025--(BUSINESS WIRE)--Total Access Elevator (Total Access) has acquired LA Elevator, a respected independent provider of elevator maintenance, repair, and modernization services. This acquisition strengthens Total Access's presence across key Los Angeles neighborhoods and enhances its ability to deliver responsive, high-quality service. "LA Elevator has built a reputation for reliability and long-term customer relationships," said Hugo Vega, General Manager and Managing Partner of Total Access. "Bringing their team into Total Access is another step in our strategy to expand our platform and deliver even greater value to our customers." Adam Zacuto, Principal at Century Park Capital Partners and Board Member of Total Access, added: "This acquisition reflects our ongoing commitment to building the leading independent elevator services company in Southern California through both organic growth and targeted acquisitions." In connection with the acquisition, Total Access has partnered with the International Union of Elevator Constructors (IUEC) and the Local 18 to convert LA Elevator's non-union workforce to union members. Both the IUEC and the Local 18 have expressed enthusiastic support for welcoming the talented technicians from LA Elevator. The integration of LA Elevator's experienced technicians and maintenance portfolio will ensure continuity for employees and customers, with no immediate operational changes. About Total Access Elevator Founded in 2008, Total Access is a leading independent provider of commercial elevator services, including modernization, maintenance, and repair. The company serves a diverse client base, including multi-family residential buildings, corporate headquarters, office buildings, and institutional facilities. Headquartered in Santa Fe Springs, CA, Total Access prioritizes quality, responsiveness, and customer value. For more information on Total Access, visit 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, visit View source version on Contacts Media Contacts: Century Park Capital PartnersMatt MinnaughDirector of Business Development(310) 867-2216mminnaugh@ orAdam ZacutoPrincipal(310) 867-2218azacuto@
CTV News
4 days ago
- General
- CTV News
Tenants of Sudbury residential complex waiting 8 months for elevator to be repaired
Residents at 285 Lourdes Street in Sudbury, many elderly or with mobility issues, struggle with stairs as elevator repairs drag on. Angela Gemmill reports. Tenants at 285 Lourdes Street in Greater Sudbury are fed up with how long it's taken to fix their broken elevator. For the past eight months they've had to climb the stairs up and down if they want to leave their apartments in the five-story complex. Many of the residents are elderly or have either health or mobility issues so taking the stairs each time is exhausting. 'When I get home, I put my parcels – I just drop them on the floor and I go lay down on my couch for a few minutes to get my energy back,' said Linda Pharand, who lives on the fourth floor. Linda Pharand Linda Pharand, a fourth floor resident, of 285 Lourdes Street in Greater Sudbury, a five-story residential complex that has had not fuctional elevator since November 2024, speaks with CTV News outside the building on August 6, 2025. (Angela Gemmill/CTV News Northern Ontario) Victor Pegg must undergo dialysis three times a week. 'I come down around six in the morning; I'm there four hours before I come home and then I've got to get back up them frigging stairs. My knees are going, my ankles are going,' he said. The elevator stopped working in November 2024. The tenants say they've been told different timelines by the property management company about when the elevator will be fixed. 'We understand that can take some time, however we're coming on nine months. It's getting to the point where we're suffering now,' said Andrea Gustafson, who lives on the fifth floor. Andrea Gustafson Andrea Gustafson, a fifth floor resident, of 285 Lourdes Street in Greater Sudbury, a five-story residential complex that has had not fuctional elevator since November 2024, speaks with CTV News in the building's lobby on August 6, 2025. (Angela Gemmill/CTV News Northern Ontario) She calls the situation 'dehumanizing' for all the tenants. 'I feel like the property management company should be updating us and should be trying their best to accommodate us like they promised they would,' Gustafson said. 'We're disabled and we're trying to do these stairs. We've injuring ourselves on these stairs and we're telling Luxor Property Management, but unfortunately, it's falling on deaf ears.' The building is owned by Centreville Non-Profit Housing but run by Luxor Property Management. In an email, the property manager told CTV News they're waiting for a part and that repairs should be completed next week, adding that just one company is licensed to work on this elevator. No one from the board of directors with the non-profit was available for comment. The City of Greater Sudbury's Bylaw Services is aware of the situation. 'While we can't disclose property-specific information about ongoing matters, Bylaw Services is aware of the issue with the elevator and per the Property Standards Act. We are working with the property owner and management of 285 Lourdes St. to have the issue resolved.' — City of Greater Sudbury, statement to CTV News The Ontario Residential Tenancies Act does not give a specific timeframe for when a landlord must complete repairs. It only says they must handle them 'within a reasonable amount of time.' If a tenant feels their requests are being ignored, they can file a complaint with the Landlord and Tenant Board. The Landlord and Tenant Board confirms there are no applications open for 285 Lourdes Street. Justyne Albert and Michael Larocque live on the second floor and admit they're not struggling as much as others in the building are. However, the couple lives right over the front entrance of the building and is frequently disrupted by people yelling up to other tenants. 'There's been a lot of people always screaming out at 4, 6 in the morning and the middle of the night. There's no security,' Laroque said. 'We feel like prisoners in our own home,' Albert added.
Daily Mail
30-07-2025
- Health
- Daily Mail
Doctor decapitated in freak elevator accident... as colleague watched in horror
A doctor was killed after an elevator in his hospital malfunctioned and severed his head, it has been revealed. Dr Hitoshi Nikaidoh, 35, stepped into a second-floor elevator at St Joseph Medical Center in Houston, Texas, when the doors suddenly closed and pinned his shoulder and head in the doorway. The elevator then ascended, and he was decapitated. A colleague was already inside the elevator and remained trapped with part of Dr Nikaidoh's body for 20 minutes before firefighters freed her. She was treated for shock in the hospital's emergency room, according to hospital spokesperson India Chumney Hancock. The elevator bank was immediately taken out of service, with employees saying a maintenance crew had worked on the mechanics during that week. An investigation later revealed that wires had not been attached correctly causing the elevator's sensors to fail, leading it to go up with Dr Nikaidoh trapped in the doors. Dr Nikaidoh had just graduated from the University of Texas-Houston Medical School and was training to become an obstetrician-gynecologist. From a family of physicians, he was also a devout Christian and his father said he aspired to become a missionary doctor. The accident took place in August 2003, but has resurfaced online in recent weeks after details of the accident were recirculated. Dr Nikaidoh was reported to have run to catch the elevator and the colleague inside had pressed a button to hold the doors open. The pair had been planning to travel up to the sixth floor of the hospital. Elevator 14 in the hospital was the elevator involved in the accident, with firefighters having to remove the door to free the trapped individual. An investigation later found that the accident was caused by a single wire in the elevator. If the elevator had been correctly configured, a second wire wouldn't have been mistakenly attached to the controller, which caused the safety sensors to fail. This would have enabled the car's sensors to function correctly and would have ensured the doors would have released the trapped victim, the Mirror reported. An inspection by the Texas Department of Licensing and Regulation revealed 22 code violations with the elevator. It was also found to be a month overdue for its annual inspection. In a tribute to Dr Nikaidoh, colleagues wrote: 'As a surgeon-to-be, he tutored fellow lower-level medical students on not only how to master the challenges of gross anatomy but also how to develop the skillful art of dissection and respect for the human body. 'As a physician, he taught patients not only to hope when all hope is lost, but also to have faith through which peace can be found. 'Toshi's dedication to academics and education, his compassion for the sick and less fortunate, and his tireless devotion to his faith, family, and friends have all continued to touch and change lives of all who knew him, and even of all who only knew of him.' Elevators are equipped with numerous safety mechanisms and sensors to avoid serious or fatal accidents and to stop them from moving while someone is pinned in their doors. But data from the US Bureau of Labor Statistics suggests that the cars are involved in about 30 fatalities every year and seriously injure about 17,000 people annually in the US alone. About 18billion elevator trips are taken in the US every year, with the average person taking about four trips per day. In a more recent case from August 2019, a tech executive was crushed by a malfunctioning elevator in New York City. Sam Waisbren, 30, was trying to exit the elevator and enter the lobby of the Manhattan Promenade Tower when the car suddenly fell and trapped him between the wall and the elevator shaft. His cause of death was listed as 'mechanical asphyxia', or when someone is left unable to breathe by mechanics, with the accident occurring in the building at East 25th Street and Third Avenue.
CNA
29-07-2025
- Business
- CNA
Investment fund EQT aims to acquire Japan's Fujitec for $2.6 billion, Nikkei says
TOKYO :European investment fund EQT has decided to acquire Japanese elevator maker Fujitec through a tender offer worth more than 400 billion yen ($2.6 billion), the Nikkei business daily reported on Tuesday. Fujitec has been the target of activist investors, notably Hong Kong-based Oasis Management, which is currently its top shareholder with a stake of about 30 per cent. EQT's tender offer price is likely to be in the upper 5,000 yen range, compared with the closing price of 6,205 yen on Tuesday, the Nikkei said.
Reuters
29-07-2025
- Business
- Reuters
Investment fund EQT aims to acquire Japan's Fujitec for $2.6 bln, Nikkei says
TOKYO, July 29 (Reuters) - European investment fund EQT ( opens new tab has decided to acquire Japanese elevator maker Fujitec (6406.T), opens new tab through a tender offer worth more than 400 billion yen ($2.6 billion), the Nikkei business daily reported on Tuesday. Fujitec has been the target of activist investors, notably Hong Kong-based Oasis Management, which is currently its top shareholder with a stake of about 30%. EQT's tender offer price is likely to be in the upper 5,000 yen range, compared with the closing price of 6,205 yen on Tuesday, the Nikkei said.
