Savaria Buys Texas Home Elevator Dealer to Boost U.S. Growth

Savaria ( (TSE:SIS) ) has issued an announcement.

Savaria Corporation has acquired substantially all the assets of Baxter Residential Elevators, a long-time dealer and installer of home elevators and lifts in the Dallas-Fort Worth area, which generated about US$4 million in revenue in 2025. The acquisition gives Savaria a direct foothold in the fast-growing Texas market, particularly the luxury residential segment, with BRE founder RD Baxter continuing to lead the business as a Savaria division, reinforcing continuity for customers and employees while supporting Savaria’s push to grow its home elevator market share in the region.

The most recent analyst rating on (TSE:SIS) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Savaria stock, see the TSE:SIS Stock Forecast page.

Spark’s Take on TSE:SIS Stock

According to Spark, TipRanks’ AI Analyst, TSE:SIS is a Outperform.

Savaria’s strong financial performance and positive earnings call are the most significant factors driving the score. Technical analysis and valuation are neutral, indicating moderate market sentiment and fair valuation. The company’s strategic initiatives and dividend policy further support its stable outlook.

To see Spark’s full report on TSE:SIS stock, click here.

More about Savaria

Savaria Corporation is a global leader in the accessibility industry, providing solutions that enhance comfort, mobility and independence for people with physical challenges. Its extensive product range includes stairlifts, wheelchair lifts, and elevators for residential and commercial use, along with pressure management products, medical beds, and patient-handling equipment for healthcare markets worldwide.

Average Trading Volume: 130,628

Technical Sentiment Signal: Buy

Current Market Cap: C$1.83B

See more insights into SIS stock on TipRanks’ Stock Analysis page.