M&A Deal Summary

Frontline Road Safety Group Acquires Hi-Lite Airfield Services

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

Acquisition Highlights
  • This is Frontline Road Safety Group’s 1st transaction in the Safety/Security sector.
  • This is Frontline Road Safety Group’s 4th transaction in the United States.
  • This is Frontline Road Safety Group’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 Group
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 Group

Denver, Colorado, United States

Category Company
Founded 2020
Sector Construction
DESCRIPTION

Frontline Road Safety Group provides pavement marking services in the United States. It offers a full range of pavement marking and specialty services to meet the needs of prime contractors, governmental agencies, and the public. Frontline Road Safety Group was founded in 2020 and is based in Denver, Colorado.


DEAL STATS #
Overall 4 of 8
Sector: Safety/Security M&A 1 of 4
Type: Add-on Acquisition M&A Deals 4 of 8
State: New York M&A 1 of 1
Country: United States M&A 4 of 8
Year: 2021 M&A 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 M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 10
State: New York M&A 1 of 1
Country: United States M&A 11 of 11
Year: 2021 M&A 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 -