Axxiom Elevator (Axxiom), a provider of elevator maintenance, repair, and modernization services, has recently completed a partnership with Arizona Elevator Solutions (AES). AES is the largest independent elevator service provider in Arizona and has a reputation as a market leader in the Phoenix area. AES will continue to operate under the same name, staff, and the original founders of AES, Scott Brough and Chris Mezosi, are staying on in their existing roles and are excited to now be partners with the Axxiom Elevator team.
“When Maven Group brought AES to market, we knew that this was the company for us to start our West Coast operations,” said Jeremy Metzger, Chief Executive Officer of Axxiom. “Chris and Scott have built an incredible company over the last 16 years. They bring the same core values as we do, building a business around having incredibly dedicated and skilled employees and being 100% focused on their customers. AES gives us a base of operations to grow into the west, and Phoenix is one of the most active markets in the country, so we could not be happier about this partnership.” Ed Stachowiak, Chief Operating Officer of Axxiom added “We are very impressed by the operation and reputation that AES has in place. With the tools that we can provide them, we are confident that we will be able to not only continue the high level of services they have provided over the years, but also to enhance the offerings to our customers and provide an even better customer experience.”
Chris Mezosi, Co-President of AES stated “We wanted to find partners that had the same vision as we did. Axxiom was offering us the support we were looking for to help grow our business to the next level while not compromising our commitments to our customers. We could not be more excited for the next chapter of AES.” Co-President for AES, Scott Brough remarked “Axxiom was the best fit for our team. I have known Jeremy for 25 years and was excited that Axxiom was able to offer us all the key requirements we were looking for in a new partner. Being part of this new organization is exciting and has nothing but upside for our customers and employees moving forward.”
Axxiom Elevator completed its investment in AES with financial backing from Gauge Capital. Ropes & Grey served as Axxiom’s and Gauge Capital’s legal counsel on the transaction. Maven Group served as financial advisors to AES while Polsinelli PC served as legal counsel for the sellers.
Chris Mezosi added “We want to thank Maven Group for their guidance throughout this transaction, their advice was invaluable well beyond all business matters. We were impressed with Maven Group’s extensive network of connections throughout the elevator industry, which enabled us to run a competitive bid process with a diverse group of potential buyers. After Dominik Sachsenheimer and Carson Bombara helped us decide on the best partner for our specific goals, they provided hands-on support during the demanding due diligence process, and they stayed with us through all the complex legal negotiations until closing day.”
To learn more about Maven Group, LLC, please contact us directly:
Dominik Sachsenheimer (561) 225-3320, dominik@mavenequity.com
Carson Bombara (860) 899-8545, carson@mavenequity.com
Bill Beaury (239) 253-4500, bill@mavenequity.com
www.mavenelevator.com
About Axxiom Elevator
Axxiom is headquartered in Fort Lauderdale, FL and specializes in service, repair, modernization and installation of elevators and escalators. They offer a wide range of elevators solutions for various applications, including commercial, residential, and industrial buildings. Axxiom focuses on providing high-quality services, ensuring safety, reliability, and efficiency in all their service offerings.
About Gauge Capital
Gauge Capital is a leading middle-market private equity firm based in Southlake, Texas. Gauge invests in five key sectors: business services, food & consumer, government & industrial services, healthcare, and technology. The Firm manages more than $3.0 billion in capital and in 2020, 2021, 2022, and 2023, Inc. Magazine named Gauge one of the top private equity firms for founders. In 2021, 2022, and 2023 Gauge was also named to the Top 50 PE Firms in the Middle Market by Grady Campbell. In 2022, Gauge ranked in the top 5 out of 517 private equity firms in the HEC Paris – Dow Jones Small-Cap Buyout Performance Ranking. For more information, please contact Andrew Peix, Managing Director of Business Development at apeix@gaugecapital.com.
