M&A Deal Summary

Frontline Road Safety Acquires Hi-Lite Airfield Services

On January 4, 2021, Frontline Road Safety acquired safety/security company Hi-Lite Airfield Services from Mangrove Equity Partners

Acquisition Highlights
  • This is Frontline Road Safety’s 1st transaction in the Safety/Security sector.
  • This is Frontline Road Safety’s 3rd transaction in the United States.
  • This is Frontline Road Safety’s 1st transaction in New York.

M&A Deal Summary

Date 2021-01-04
Target Hi-Lite Airfield Services
Sector Safety/Security
Buyer(s) Frontline Road Safety
Sellers(s) Mangrove Equity Partners
Deal Type Add-on Acquisition

Target

Hi-Lite Airfield Services

Watertown, New York, United States
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.

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Buyer(S) 1

Buyer

Frontline Road Safety

Denver, Colorado, United States

Category Company
Sector Safety/Security
DESCRIPTION

Frontline Road Safety Group is a provider of pavement marking services in the United States. Frontline offers a full range of pavement marking and specialty services to meet the needs of prime contractors, governmental agencies and the public.


DEAL STATS #
Overall 3 of 6
Sector (Safety/Security) 1 of 3
Type (Add-on Acquisition) 3 of 6
State (New York) 1 of 1
Country (United States) 3 of 6
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 Griffin Pavement Striping

Columbus, Ohio, United States

Griffin Pavement Striping is a provider of road, highway, and airport line striping. Griffin engages in work zone pavement markings, handling difficult maintenance of traffic switches on freeways and roadways.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 PK Contracting

Troy, Michigan, United States

PK Contracting is a premier safety marking service provider with seven locations in Michigan and three locations in Florida (where PK operates as McShea Contracting). PK is known industry-wide as an innovator in the safety marking industry with an unwavering commitment to best-in-class customer service. PK Contracting was founded in 1975 and is based in Troy, Michigan.

Buy -

Seller(S) 1

SELLER

Mangrove Equity Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Mangrove Equity Partners is a lower-middle market private equity firm focused on investing in North American businesses valued from $15 to $75 million. Mangrove generally targets companies operating in basic industries with defensible market positions and solid growth prospects. Sectors of interest include services, manufacturing, and value-added distribution. Prospective businesses typically have revenues up to $100 million and are profitable with at least $2 million of cash-flow. Target transaction types include management buyouts/buy-ins, recapitalizations, industry, consolidations, family successions, and select turnarounds. Mangrove Equity Partners is based in Tampa, Florida.


DEAL STATS #
Overall 12 of 12
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (New York) 1 of 1
Country (United States) 11 of 11
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 Wild Goose Filling

Louisville, Colorado, United States

Wild Goose Filling is a designer, manufacturer and service of specialty liquid filling systems and highly-engineered food and beverage packaging equipment. Wild Goose Filling is based in Louisville, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 MT2

Arvada, Colorado, United States

MT2 is an environmental services company specializing in the U.S. firing range market. The company provides a variety of services to firing ranges including lead reclamation and remediation, range maintenance, cleaning, design, construction, and closure. MT2 is a pioneer and market leader in its niche, servicing both governmental and commercial clients.

Buy -