Savaria Expands Texas Footprint with Baxter Residential Elevators Acquisition
Event summary
- Savaria Corporation acquired substantially all assets of Baxter Residential Elevators (BRE) for an undisclosed sum on February 9, 2026.
- BRE generated approximately US$4 million (C$5.5 million) in revenue in 2025, serving the Dallas-Fort Worth Metroplex.
- BRE founder Richard D. Baxter will continue leading the business as a division of Savaria.
- Texas is among the fastest-growing states in the U.S., with significant residential and commercial construction activity.
The big picture
Savaria’s acquisition of BRE strengthens its position in the fast-growing Texas market, where demand for home elevators is rising alongside residential construction. This move aligns with broader industry trends of consolidation among accessibility solution providers, as companies seek to capture market share in high-growth regions. The deal underscores Savaria’s strategy of expanding its direct presence in key markets to better serve customers and partners.
What we're watching
- Market Penetration
- How Savaria will leverage BRE’s existing relationships with homebuilders to accelerate growth in the luxury residential segment.
- Integration Risk
- Whether Savaria can maintain BRE’s high-quality installation services while scaling operations in Texas.
- Regional Growth
- The pace at which Savaria can expand its presence in other high-growth U.S. markets beyond Texas.
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