Savaria announces the acquisition of Baxter Residential Elevators

Executive Summary

• Savaria Corporation completed the acquisition of substantially all assets of Baxter Residential Elevators, LLC (BRE), a Texas‑based dealer and installer of home elevators.
• BRE generated approximately US $4 million (C$5.5 million) in revenue in 2025 and brings strong relationships with luxury residential homebuilders in North Texas.
• The deal gives Savaria a direct operating presence in the fast‑growing Texas market, enhancing its ability to capture additional share of the residential elevator segment.

Key Details

• Acquisition Target: Baxter Residential Elevators, LLC (“BRE”), Frisco, Texas.
• Transaction Scope: Purchase of substantially all assets of BRE (exact purchase price not disclosed).
• Historical Revenue: Approximately US $4 million (C$5.5 million) in 2025.
• Strategic Rationale: Provides Savaria with a direct foothold in the Dallas‑Fort Worth Metroplex, a high‑growth market driven by strong residential and commercial construction activity in Texas.
• Leadership Continuity: Founder Richard D. (“RD”) Baxter will remain to lead BRE as a division of Savaria, ensuring continuity for customers and employees.
• Market Impact: Strengthens Savaria’s presence in the luxury home‑elevator segment and supports its growth objectives in North America.

Notable Quotes

• “Building this company has been one of the great privileges of my career… Joining Savaria marks an exciting new chapter…” – Richard D. Baxter, Founder & Owner, BRE.
• “We are proud to welcome RD and his team to the Savaria family… we look forward to strengthening our presence and growing our home elevator market share in Texas.” – Alexandre Bourassa, President Accessibility North America, Savaria.