AXXIOM Elevator Partners With Florida Companies

 Axxiom Elevator, a newly established, fast-growing provider of elevator maintenance, repair and modernization services in Fort Lauderdale, Florida, announces the completion of a partnership with Florida-based Motion Elevator and the Florida division of Urban Elevator. Established in 1995, Motion has grown into a leading independent elevator company in Miami, Fort Lauderdale and the Palm Beaches. Axxiom purchased the Florida division of Urban Elevator and will be merging the company’s Southeast Florida operations with Motion Elevator, creating a new Axxiom Elevator office on the West coast of Florida. Axxiom Elevator completed its investment in Motion Elevator and Urban Elevator Service FL with financial backing from Gauge Capital. Ropes & Grey served as Axxiom’s and Gauge Capital’s legal counsel on the transactions. Maven Group served as financial advisors to both Motion Elevator and Urban Elevator Service FL in their respective transactions.