Savaria closes acquisition of Baxter Residential assets

Executive Summary

• Savaria Corp. has completed the acquisition of substantially all assets of Baxter Residential Elevators LLC (BRE), a leading dealer and installer of home elevators and lifts based in Frisco, Texas.
• The acquisition provides Savaria with a direct presence in the Dallas-Fort Worth Metroplex, a strategically important and high-growth market in Texas.
• BRE, founded in 2004, generated approximately $4 million (U.S.) in revenue in 2025 and will continue to operate as a division of Savaria under the leadership of its founder, R.D. Baxter.

Key Details

• Transaction Structure: Acquisition of substantially all assets of Baxter Residential Elevators LLC (BRE).
• Target Company: Baxter Residential Elevators LLC (BRE), based in Frisco, Tex.
• Target Business Profile: Leading dealer and installer of home elevators and lifts; established strong relationships with homebuilders in north Texas, particularly in the luxury residential segment.
• Financial Metrics: BRE generated approximately $4-million (U.S.) ($5.5-million (Canadian)) in revenue in 2025.
• Strategic Rationale: Texas is among the fastest-growing states in the U.S. with significant residential and commercial construction activity; the transaction strengthens Savaria’s ability to serve customers and partners in this high-growth region.
• Management Continuity: Richard D. (R.D.) Baxter, founder and owner of BRE, will continue to lead the business as a division of Savaria to ensure continuity for customers and employees.

Notable Quotes

• "Building this company has been one of the great privileges of my career and I'm incredibly proud of what our team has achieved. Joining Savaria marks an exciting new chapter, one where we can grow faster and serve our customers even better. Savaria has always treated us like true partners and I'm confident that together we're positioned for long-term success," — Richard D. (R.D.) Baxter, Founder and Owner of BRE.
• "We are proud to welcome R.D. and his team to the Savaria family. This partnership represents an exciting opportunity, and we look forward to strengthening our presence and growing our home elevator market share in Texas," — Alexandre Bourassa, President, Accessibility, North America.