HIG Capital has formed EverRise Lift Group by combining Action Elevator Company and All City Elevator into one of the largest independent U.S. elevator service providers. Headquartered in Millersville, Maryland, with Upper Midwest operations based in Minneapolis, Minnesota, EverRise provides maintenance, repair, modernization, and installation services to commercial, residential, and institutional customers. Both companies will continue operating under their local brands.

Christopher Smith, previously executive chairman of Action Elevator since 2024, has been named CEO of EverRise. Smith held senior roles at Otis Worldwide and Schindler Elevator, leading global modernization and digital transformation initiatives. He succeeds Action Elevator founder John Marshall Sr., who becomes executive chairman and will support growth.

HIG Capital, founded in 1993 and based in Miami with $75 billion under management, will support EverRise's expansion through technology investment, talent, field operations, and further acquisitions. Rahul Vinnakota, managing director and co-head of HIG Advantage, noted the companies share a commitment to the non-proprietary model giving building owners choice and control.