H.I.G. Capital Forms EverRise Lift Group Through Combination of Action Elevator and All City Elevator

MILLERSVILLE, Maryland, September 14, 2026. H.I.G. Capital announced the formation of EverRise Lift Group, a new elevator service and modernization platform. It combines Action Elevator Company and All City Elevator. Both businesses keep operating under their existing local brands.

EverRise is headquartered in Millersville, Maryland. It also runs operations across the Upper Midwest through All City's Minneapolis base. The company provides maintenance, repair, modernization and new installation services to commercial, residential and institutional customers. EverRise will keep using non-proprietary elevator equipment. That gives customers more flexibility and control over long-term maintenance and repair decisions. The combination creates one of the largest independent elevator service providers in the United States.

Christopher Smith has been named chief executive officer of EverRise. Smith previously served as executive chairman of Action Elevator since 2024. He spent more than three decades in the elevator and vertical transportation industry. That included senior roles at Otis Worldwide Corporation and Schindler Elevator Corporation. Action Elevator founder John Marshall, Sr. will transition to executive chairman of EverRise and stay actively involved in the company's growth.

"Action Elevator and All City Elevator share a common commitment to customer service, technical excellence, and the non-proprietary model that gives building owners real choice and control," said Rahul Vinnakota, managing director and co-head of H.I.G. Advantage. "Bringing these two platforms together as EverRise Lift Group accelerates our strategy of building a leading, national, independent elevator services provider. We are thrilled to have Chris leading that effort and his experience across the industry's largest operators makes him exactly the right leader for this next chapter."

"All City Elevator's strong presence in the Upper Midwest and Action Elevator's continued momentum across the Mid-Atlantic are both rooted in an unwavering commitment to customer service, making the two companies a natural fit," said Smith. "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."

H.I.G. Capital will support EverRise's growth going forward. That means expanding modernization capabilities, investing in technology, talent and field operations, and pursuing add-on acquisitions. H.I.G. is a global alternative investment firm with $75 billion of capital under management. Since its founding in 1993, the firm has invested in and managed more than 400 companies worldwide.