H.I.G. Capital Completes Acquisition of Action Elevator

H.I.G. Capital, a leading global alternative investment firm, announces that one of its affiliates has completed the acquisition of Action Elevator, a leading independent provider of elevator services. As part of the transaction, Action’s leadership team will remain in place and have a significant ownership stake in the recapitalized business. Terms of the transaction were not disclosed. Founded in 2012 and headquartered in Millersville, Maryland, Action Elevator provides elevator maintenance, repair and modernization services to customers throughout the Mid-Atlantic region. Concurrent with this transaction, Action acquired Century Elevator, a leading provider of elevator services in the Washington D.C. market.