M&A Deal Summary

Hi-Lite Airfield Services Acquires Axtell s

On January 13, 2023, Hi-Lite Airfield Services acquired aerospace company Axtell s

Acquisition Highlights
  • This is Hi-Lite Airfield Services’ 1st transaction in the Aerospace sector.
  • This is Hi-Lite Airfield Services’ 1st transaction in the United States.
  • This is Hi-Lite Airfield Services’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2023-01-13
Target Axtell s
Sector Aerospace
Buyer(s) Hi-Lite Airfield Services
Deal Type Add-on Acquisition

Target

Axtell s

Jermyn, Pennsylvania, United States
Axtell's is a pavement marking business specializing in general airfield pavement maintenance. Axtell's is based in Jermyn, Pennsylvania.

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Buyer(S) 1

Buyer

Hi-Lite Airfield Services

Watertown, New York, United States
Category Company
Founded 1989
Sector Safety/Security
DESCRIPTION

Hi-Lite Airfield Services is a provider of specialized, mission-critical airfield maintenance services throughout North America and the Caribbean. Hi-Lite offers innovative and sustainable maintenance solutions to support airport operations and safety management and to ensure compliance with stringent FAA and ICAO regulations. Hi-Lite Airfield Services was founded in 1989 and is based in Watertown, New York.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

Product

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