M&A Deal Summary

Hastings Equity Partners Acquires High Star Traffic

On July 1, 2022, private equity firm Hastings Equity Partners acquired safety/security company High Star Traffic

Acquisition Highlights
  • This is Hastings Equity Partners’ 2nd transaction in the Safety/Security sector.
  • This is Hastings Equity Partners’ 30th transaction in the United States.
  • This is Hastings Equity Partners’ 2nd transaction in Illinois.

M&A Deal Summary
Date 2022-07-01
Target High Star Traffic
Sector Safety/Security
Buyer(s) Hastings Equity Partners
Deal Type Consolidation

Target

High Star Traffic

Bartlett, Illinois, United States
High Star Traffic is provider of traffic control services including equipment rental, line striping, and flagging for public and private customers in the Midwest, specifically for road infrastructure and utility customers. High Star Traffic is based in Bartlett, Illinois.

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Buyer(S) 1

Buyer

Hastings Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Focused
DESCRIPTION

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 31 of 34
Sector (Safety/Security) 2 of 2
Type (Consolidation) 1 of 1
State (Illinois) 2 of 2
Country (United States) 30 of 33
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Community Tree Services

Royal Oaks, California, United States

Community Tree Services is a provider of vegetation management services for gas and electric utilities, state and local municipalities, and commercial and residential customers. Community Tree Services was founded in 2001 and is based in Royal Oaks, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Code Red Safety

Hammond, Indiana, United States

Code Red Safety is a provider of integrated safety solutions. The Company rents and sells industrial safety equipment, and provides specialty services for the petrochemical, refining, manufacturing, utility and construction end markets. Code Red’s comprehensive suite of safety products and services enhance worker safety and ensure compliance with government regulations. Code Red Safety was founded in 1995 and is based in Hammond, Indiana.

Sell -
Mergr

Product

Company

Legal