H.I.G. Capital has formed EverRise Lift Group through the combination of Action Elevator Company and All City Elevator, creating one of the largest independent elevator service providers in the U.S.
Action Elevator and All City Elevator will continue operating under their existing local brands.
EverRise is headquartered in Millersville, Maryland, while All City’s Minneapolis base provides the combined company with a significant presence across the Upper Midwest.
The platform provides elevator maintenance, repair, modernization, and new installation services to commercial, residential, and institutional customers.
Both businesses use non-proprietary elevator equipment, an approach that gives property owners more flexibility in selecting service providers and managing future repairs and upgrades.
H.I.G. intends to support EverRise through a combination of organic expansion and acquisitions.
Planned investments include modernization capabilities, technology, talent and field operations as the company seeks to build a larger national independent elevator services platform.
Christopher J. Smith has been named CEO of EverRise.
Smith has served as Executive Chairman of Action Elevator since 2024 and has more than 30 years of experience in the elevator and vertical transportation industry.
His prior positions include senior executive roles at Otis Worldwide and Schindler Elevator, where his responsibilities included modernization, digital transformation, distribution strategy and service growth.
Smith also previously helped build the service organization of a private equity-backed fire and life-safety company.
Action Elevator founder John Marshall Sr. will transition to Executive Chairman of EverRise and remain involved in the company’s growth.
H.I.G. Capital manages $75 billion of capital and has invested in and managed more than 400 companies since its founding in 1993.
The EverRise transaction fits H.I.G.’s broader strategy of creating larger platforms in fragmented service markets where organic growth can be combined with additional acquisitions.
KEY QUOTES:
“Bringing these two platforms together as EverRise Lift Group accelerates our strategy of building a leading, national, independent elevator services provider.”
Rahul Vinnakota, Managing Director and Co-Head of H.I.G. Advantage
“Together, as EverRise Lift Group, we offer customers a broader footprint, deeper technical bench strength, and the same unwavering focus on safety, reliability, and non-proprietary equipment that our customers have always valued.”
Christopher J. Smith, CEO of EverRise Lift Group
