H.I.G. Capital Combines Action Elevator and All City Elevator to Form EverRise Lift Group
H.I.G. Capital has formed EverRise Lift Group by combining two elevator service companies, Action Elevator Company and All City Elevator. The new entity will operate under the local brands of both firms but is headquartered in Millersville, Maryland, with additional operations across the Upper Midwest through All City's Minneapolis base. EverRise provides maintenance, repair, modernization, and installation services to commercial, residential, and institutional customers using non-proprietary equipment. Christopher J. Smith has been appointed as Chief Executive Officer of EverRise Lift Group. With over three decades of experience in the elevator industry at companies like Otis Worldwide Corporation and Schindler Elevator Corporation, he succeeds John Marshall, Sr., who will transition to an executive chairman role. H.I.G. plans to support organic growth through technology investments, talent development, field operations enhancement, and strategic acquisitions. Rahul Vinnakota of H.I.G. emphasized the synergy between Action Elevator and All City in terms of customer service and non-proprietary equipment models. The merger is expected to create one of the largest independent elevator service providers in the U.S., with a broader geographic footprint and enhanced technical capabilities.
Topics: elevator services leadership change M&A activity private equity