Savaria Acquires Baxter Residential Elevators

LAVAL, Québec, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX:SIS), a global leader in the accessibility industry, is pleased to announce that it has completed the acquisition of substantially all the assets of Baxter Residential Elevators, LLC (“BRE”), a leading dealer and installer of home elevators and lifts based in Frisco, Texas.

On February 9, 2026, Savaria Corporation, a leader in the accessibility solutions industry, made a significant announcement regarding its strategic growth. The company stated that it has entered into an agreement to acquire Baxter Residential Elevators, a well-known entity in the residential elevator market. This acquisition is a pivotal move for Savaria as it seeks to expand its product offerings and strengthen its position within the home accessibility sector.

Baxter Residential Elevators is recognized for its quality residential elevator solutions that enhance mobility within homes, providing essential services for individuals with mobility challenges. The company has built a solid reputation through its commitment to safety, reliability, and customer satisfaction. With the acquisition, Savaria will not only integrate Baxter's innovative products into its portfolio but also leverage Baxter's existing customer relationships to further its market reach.

The deal is anticipated to be completed within the first quarter of 2026, subject to customary closing conditions. By bringing Baxter Residential Elevators under its wing, Savaria aims to capitalize on the growing demand for home accessibility products, especially in light of an aging population and increased awareness around mobility aids.

Savaria's CEO emphasized that the acquisition aligns perfectly with their long-term strategic vision. The addition of Baxter's products is expected to enhance Savaria's visibility in the residential sector while continuing to provide top-notch mobility solutions. This merger is a strategic step towards creating a comprehensive range of products that cater to the needs of individuals requiring mobility assistance.

This acquisition marks a key milestone in Savaria's mission to be a leading player in the accessibility solutions market. The company strives to innovate continuously and expand its footprint, ensuring that individuals can live independently and safely in their homes.