Investment In Classic Lifts

A message from Classic Lifts CEO, Keith Snow:

Dear valued customers and suppliers

We’re pleased to announce that the future of Classic Lifts has received a significant investment
following the acquisition of the company by H.I.G Capital. This investment provides for the long-term
future stability of the company as I have now passed my 75th birthday.

H.I.G Capital is a leading global alternative investment firm, and their involvement in Classic Lifts
brings opportunities in terms of further expansion, acquisitions, and systems investment etc. They
identified Classic Lifts as the perfect company to invest, strengthen and enhance its independent
position within the UK lift market.

John Harper, Managing Director at H.I.G., said “We are very excited to be partnering with Keith and
the Classic Lifts team to build on the Company’s track-record of success. Classic’s long-term growth
record, talented staff and strong reputation with their customers were core to our interest in the
business. We are pleased that the Classic team have decided to join our group of technical building
services companies.”

All previous and active Classic Lifts shareholders, including myself, will remain in their current
positions, they have re-invested in the company and are committed to the long-term future of Classic
Lifts.

The Senior Regional Management teams and personal approach from our 7 local branch offices will
remain and will continue to grow as we continue our journey to be the leading Independent Lift
Company in the UK.

All aspects of the day-to-day operation and organisation of the company remain unchanged, so
there’s no need for you to make any changes to your own information regarding Classic Lifts.

Further information on H.I.G can be found below.

Regards

Keith Snow
C.E.O

About H.I.G Capital

H.I.G. are a leading global alternative investment firm across different business sectors and
their plan is to create a group which can cover all aspects of Technical Building Services across
the UK, including Electrical, Access Control, Airconditioning, Heating & Ventilation, Fire
Detection and Alarm, Lifts, Security and other specialist services.

• In 2022 H.I.G acquired CPS Building Services Limited a leading UK provider of mechanical and electrical (M&E) services. CPS provides installation and maintenance services across heating, cooling, ventilation, and electrical systems to clients in the healthcare, life sciences, defence and education end-markets with a strong reputation for high-quality service.
• Based in Miami, and with European offices in London, Hamburg, Madrid, Milan, Paris, and U.S. and Latin American offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta, Bogotá, Rio de Janeiro and São Paulo.
• H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach
• Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion.
• For more information, please refer to the H.I.G. website.