- Christopher Smith, previously executive chairman of Action Elevator, has been named CEO of EverRise, succeeding founder John Marshall Sr., who becomes executive chairman
- EverRise will continue using non-proprietary elevator equipment, giving customers more control over long-term maintenance and repairs
- HIG Capital plans to support EverRise’s growth through technology investment, added talent and further acquisitions
HIG Capital has formed EverRise Lift Group, a new elevator service and modernization platform created through the combination of Action Elevator Company and All City Elevator. Action Elevator and All City will continue operating under their local brands.
Headquartered in Millersville, Maryland, with additional operations across the Upper Midwest through All City’s Minneapolis, Minnesota base, EverRise provides maintenance, repair, modernization and new installation services to commercial, residential and institutional customers. The combination creates one of the largest independent elevator service providers in the United States, according to the company.
Christopher Smith, who has served as executive chairman of Action Elevator since 2024, has been named CEO of EverRise. Smith previously held senior executive roles at Otis Worldwide and Schindler Elevator, leading global initiatives spanning modernization, digital transformation, distributor strategy and service growth. He succeeds Action Elevator founder John Marshall Sr., who will become executive chairman of EverRise and remain involved in supporting the company’s growth.
HIG will support EverRise’s organic and inorganic expansion by investing in modernization capabilities, technology, talent and field operations, and by pursuing additional acquisitions.
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 HIG Advantage.
HIG Capital, founded in 1993 and based in Miami, is a global alternative investment firm with $75 billion of capital under management. Since its founding, the firm has invested in and managed more than 400 companies worldwide, with a current portfolio of more than 100 companies with combined sales exceeding $53 billion.
Editor’s note: This news brief was produced with the assistance of artificial intelligence.