H.I.G. Capital, LLC
H.I.G. Capital forms EverRise Lift Group from Action Elevator and All City Elevator
Summary: H.I.G. Capital announced the formation of EverRise Lift Group through the combination of Action Elevator Company and All City Elevator. The H.I.G. announcement says the companies will continue operating under their local brands and names Christopher J. Smith as EverRise's chief executive officer.
Why it matters: The update may matter to due-diligence readers as a source-attributed private-equity platform-formation signal in elevator maintenance, repair, modernization, and installation services, while the announcement should not be read as 9AT validation of market share, operating outcomes, acquisition strategy, transaction economics, or investment merit.
Summary
H.I.G. Capital announced the formation of EverRise Lift Group through the combination of Action Elevator Company and All City Elevator. The H.I.G. source says Action Elevator and All City Elevator will continue operating under their local brands, and names Christopher J. Smith as chief executive officer of the new platform.
The source describes EverRise as an independent elevator service and modernization platform serving commercial, residential, and institutional customers. This draft treats those company, service-line, leadership, and platform-building descriptions as H.I.G.-attributed facts, not as 9AT conclusions about operating quality, market share, growth prospects, transaction economics, or investment merit.
Why it matters
For due-diligence readers, the useful signal is a source-party platform-formation update from H.I.G. in elevator maintenance, repair, modernization, and installation services. Platform formation and local-brand continuity can help readers track how a private-equity manager is presenting consolidation, leadership, geography, and add-on-acquisition posture in a services subsector.
The signal is bounded. The H.I.G. announcement supports the named combination, platform framing, CEO appointment, service-line description, and stated growth strategy, but it does not independently validate customer outcomes, integration execution, revenue scale, acquisition pipeline, fund exposure, valuation, returns, or suitability of any investment strategy.
Source notes
- H.I.G. official announcement,
H.I.G. Capital Forms EverRise Lift Group Through Combination of Action Elevator and All City Elevator: https://www.hig.com/news/h-i-g-capital-forms-everrise-lift-group-through-combination-of-action-elevator-and-all-city-elevator/ - SEC AdviserInfo profile for H.I.G. Capital, LLC: https://adviserinfo.sec.gov/firm/summary/160711
- Source posture: primary manager/source-party release supports the September 14, 2026 date, H.I.G.’s formation announcement, the Action Elevator / All City Elevator combination, local-brand continuity, Christopher J. Smith’s CEO appointment, and EverRise’s elevator-service and modernization description.
- Verifier posture: the 2026-09-22 PM source reviewer cleared EverRise as the only drafting candidate in the batch, with no same-event local post or draft found for EverRise, Action Elevator, All City Elevator, elevator services, or vertical transportation.
- Editorial caveat: H.I.G. has several recent local posts. If advanced, this item should be treated as the selected additional H.I.G. item for the cycle and should not be combined with stale or duplicate H.I.G. backfill.
9AT filing context
Public adviser/profile context reviewed by 9AT maps H.I.G. Capital, LLC to CRD 160711, SEC file 801-74338, and about $72.3 billion in ADV-reported profile scale. That context is useful only as broad adviser/platform identity background.
No 13F or Form 5500 context is included for this item. Public-equity holdings and employee-benefit-plan filings do not explain the EverRise formation, the Action Elevator / All City Elevator combination, H.I.G.’s fund or vehicle exposure, transaction terms, operating metrics, customer relationships, add-on-acquisition plans, returns, or investment merit.
What to watch
Watch for future H.I.G., EverRise, Action Elevator, All City Elevator, regulatory, lender, or company materials that clarify governance, integration progress, additional acquisitions, leadership changes, geographic footprint, closing or transaction structure, and any source-backed operating milestones.
Future coverage should keep platform-growth, national-provider, customer-benefit, technology, talent, field-operations, valuation, and performance claims tied to fresh public sources rather than deriving conclusions from H.I.G. filing context or from the announcement alone.