Axxiom Elevator (Gauge Capital-backed) Acquires Motion Elevator and Urban Elevator's Florida Division
September 12, 2023
Axxiom Elevator, with financial backing from Gauge Capital, completed investments to acquire Motion Elevator and the Florida division of Urban Elevator and will merge their Southeast Florida operations. The transactions establish Axxiom’s Southeast division (including a new West Coast Florida office) and expand the platform’s service, maintenance and modernization footprint across Miami, Fort Lauderdale and the Palm Beaches.
- Buyers
- Axxiom Elevator, Gauge Capital
- Targets
- Motion Elevator, Urban Elevator Service FL
- Sellers
- Rose Portelli, Joe Portelli, Urban Elevator (Florida division)
- Platforms
- Axxiom Elevator
- Industry
- Industrial Services
- Location
- Florida, United States
- Transaction Type
- Addon
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