Axxiom Elevator (Axxiom), a provider of elevator maintenance, repair, and modernization services, has recently completed the acquisition of IronHawk Elevator, located in Tucson, AZ. IronHawk is one of the largest independent elevator service providers in southern Arizona and western New Mexico and has been in operation since 2007.
“Axxiom is focused on growing our business in the western United States so when IronHawk was looking for a company to carry on with the same level of dedication to their employees and customers, we knew it would be a perfect fit,” says Jeremy Metzger, Chief Executive Officer of Axxiom. “Bill and Laura Mullen have dedicated the last 16 years to building an extremely successful company. They developed their business with the help of a strong group of employees who will continue to be the face of our company, and we are excited to help this business expand and grow in the southern Arizona markets.” Ed Stachowiak, Chief Operating Officer of Axxiom added “it was very clear from our initial conversation with Laura and Bill that they built IronHawk using the same core principles we have at Axxiom. We knew they’d be great partners after seeing first-hand how they empowered their team to ensure successful customer outcomes time and time again.”
Bill and Laura Mullen remarked “We are delighted to partner with the Axxiom team. Our values and culture are aligned as both organizations focus on creating customer satisfaction via an engaged and responsive work force. We are thrilled that our personal goals as well as the long-term well-being of our staff are actualized with this successful transaction.” Both Bill and Laura Mullen will continue to work in their current roles during the upcoming months to ensure a smooth transition.
Axxiom Elevator completed its investment in IronHawk with financial backing from Gauge Capital. Shapiro, Blasi, Wasserman, Hermann served as legal counsel for Axxiom and Gauge Capital on the transaction. Maven Group served as financialadvisors to IronHawk Elevator while Thompson Law Group, PC served as legal counsel for the sellers.
Laura and Bill Mullen added “We truly cannot thank Maven Group enough for their calm, discreet, and often humorous support throughout this endeavor. Dominik Sachsenheimer and Carson Bombara took the time to understand our personal values before tailoring a sales strategy to our specific needs so we could find the best partner to carry on our legacy. After we decided on Axxiom, Maven Group was essential in coordinating the due diligence process and guided us, our attorneys, and our accountants through every aspect of the detailed and nuanced negotiations until the transaction closed. Dominik and Carson work smoothly and professionally, and while each possess highly refined and unique abilities, as a team they merge these individual skills into a synergistic model of utmost value.”
To learn more about Maven Group, LLC, please contact us directly:
Dominik Sachsenheimer (561) 225-3320, dominik@mavenelevator.com
Carson Bombara (860) 899-8545, carson@mavenelevator.com
Bill Beaury (239) 253-4500, bill@mavenelevator.com
www.mavenelevator.com
About Axxiom Elevator
Axxiom is headquartered in Fort Lauderdale, FL and specializes in service, repair, modernization and installation of elevators and escalators. The company offers a wide range of elevators solutions for various applications, including commercial, residential, and industrial buildings. Axxiom focuses on providing high-quality services, ensuring safety, reliability, and efficiency in all their service offerings.
About Gauge Capital
Gauge Capital is a leading middle-market private equity firm based in Southlake, Texas. Gauge invests in five key sectors: business services, food & consumer, government & industrial services, healthcare, and technology. The Firm manages more than $3.0 billion in capital and in 2020, 2021, 2022, and 2023, Inc. Magazine named Gauge one of the top private equity firms for founders. In 2021, 2022, and 2023 Gauge was also named to the Top 50 PE Firms in the Middle Market by Grady Campbell. In 2022, Gauge ranked in the top 5 out of 517 private equity firms in the HEC Paris – Dow Jones Small-Cap Buyout Performance Ranking. For more information, please contact Andrew Peix, Managing Director of Business Development at apeix@gaugecapital.com.
