M&A Deal Summary

Gauge Capital Acquires Axxiom Elevator

On September 12, 2023, private equity firm Gauge Capital acquired business services company Axxiom Elevator

Acquisition Highlights
  • This is Gauge Capital’s 4th transaction in the Business Services sector.
  • This is Gauge Capital’s 29th transaction in the United States.
  • This is Gauge Capital’s 3rd transaction in Florida.

M&A Deal Summary
Date 2023-09-12
Target Axxiom Elevator
Sector Business Services
Buyer(s) Gauge Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Axxiom Elevator

Fort Lauderdale, Florida, United States
Axxiom 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. Axxiom Elevator was formed in 2023 and is based in Fort Lauderdale, Florida.

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Buyer(S) 1

Buyer

Gauge Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gauge Capital is a lower middle-market private equity firm focused on acquiring companies throughout the US and Canada. Gauge seeks businesses operating in the business services, healthcare services, consumer products, and food sectors. The Firm targets companies with $5 to $40 million of EBITDA. Prospective transaction situations include management buyouts, recapitalizations, divestitures, take privates, consolidations, and growth capital financings. Gauge Capital was formed in 2013 and is headquartered in Southlake, Texas.

DEAL STATS #
Overall 31 of 33
Sector (Business Services) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Florida) 3 of 4
Country (United States) 29 of 30
Year (2023) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 Craftable

Menlo Park, California, United States

Craftable is a technology platform provider that seamlessly connects purchasing, recipes, inventory, sales, accounting, and analytics to create operator success in the hospitality, food, beverage, and entertainment industries. Craftable was formed in 2015 and is based in Menlo Park, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-05 TVC Pro-Driver

Oklahoma City, Oklahoma, United States

TVC Pro-Driver is a provider of legal services to commercial drivers, with a strong focus on independent drivers and small fleets. The Company, through a network of over 7,000 attorneys, seeks to achieve favorable case outcomes for its drivers, which allows participating drivers to secure employment and stay on the road. In addition to its legal services, TVC also offers a market-leading fuel discount program, roadside assistance, and insurance products to its drivers and their families. TVC Pro-Driver was founded in 1988 and is based in Oklahoma City.

Sell -
Mergr

Product

Company

Legal