Axxiom Elevator (“Axxiom”), a provider of elevator maintenance, repair, and modernization services, has recently completed the acquisition of Evolution Elevator & Escalator Corp (“Evolution”), one of the most respected providers of elevator and escalator services for large and demanding customers in Southeast Florida.
“This marks Axxiom’s third acquisition in two years in the fast-paced Florida market, where our company has also produced significant organic growth. When we learned about Evolution’s unique service portfolio, we quickly realized that their focus on employees and customers makes them a terrific addition to our growing team,” says Jeremy Metzger, Chief Executive Officer of Axxiom. “Louis (Lou) James has built a very successful company by hiring a fantastic group of talented mechanics who will continue to represent our company on many landmark service accounts. Lou James himself will without a doubt stand out as a key talent within the already impressive Axxiom roster.” Ed Stachowiak, Chief Operating Officer of Axxiom, added “We were eager to close this transaction from the first time we met with Evolution. Driven by the tools and support we can provide, the combined entity will be able to provide an even better customer experience.”
Lou James remarked “I am thrilled to partner with the Axxiom team and to continue my work with the same mechanics and key customers as before. Because our values and culture are aligned, we will accelerate growth thanks to our dedication on customer satisfaction which is now going to be powered by Axxiom’s systems and procedures in the background. I also look forward to helping Axxiom expand their footprint into new markets via my broad network throughout the industry.”
Axxiom Elevator completed its investment in Evolution with financial backing from Gauge Capital. Massumi + Consoli LLP served as Axxiom’s and Gauge Capital’s legal counsel on the transaction. Maven Group served as financial advisors to Evolution while Frost Brown Todd LLP served as legal counsel for the sellers.
Lou James added “Shoutout to Maven Group! This transaction would not have happened without their support. Thanks to Maven’s widespread industry contacts, we were able to meet various interested buyers and ultimately found the ideal partner for our needs. Maven Group took the lead in organizing our books and records, quarterbacked the diligence process, and coordinated all negotiations alongside our attorneys. Their comprehensive approach is truly invaluable for anyone considering selling their elevator business.”
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
