Hi-Lite Airfield Services, LLC
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Hi-Lite Airfield Services, LLC - overview
Established
1990
Location
-, NY, US
Primary Industry
Business Support Services
About
Hi-Lite Airfield Services is a provider of airfield pavement maintenance solutions, enhancing safety and compliance for airfields across North America, utilizing advanced technology and rigorous quality measures. Hi-Lite Airfield Services specializes in airfield maintenance solutions, having been founded in 1990 in Watertown, US. The company was acquired by Frontline Road Safety in January 2021. Specifics about previous pivots or subsidiaries were not available.
Hi-Lite Airfield Services offers a range of airfield maintenance solutions including airfield marking, runway rubber removal, friction testing, crack sealing, seal coating, and surface preparation. These services are designed to improve operational safety at airports, ensuring compliance and extending the lifespan of runway surfaces. Their clientele includes major airports, military airfields, and governmental transportation departments throughout the United States, Canada, and the Caribbean. Hi-Lite Airfield Services generates revenue through direct B2B transactions with clients such as airport authorities and military organizations via service contracts.
These agreements often consist of one-time projects or ongoing maintenance, including their ThinkZero® program aimed at enhancing safety and efficiency. Pricing details are not disclosed, but the company focuses on delivering cost-effective maintenance solutions, fostering long-term relationships with clients. Following its acquisition in January 2021, Hi-Lite Airfield Services plans to leverage new resources for growth. The company aims to expand into new markets within North America and potentially the Caribbean by 2023, promoting its innovative services.
The recent acquisition is expected to support these initiatives by providing additional capital for product development and market entry strategies.
Current Investors
The Sterling Group, Frontline Road Safety
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Facilities & Maintenance Services
Website
www.hi-lite.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Hi-Lite Airfield Services, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Axtell's, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Hi-Lite Airfield Services, LLC | - | ||||||||
| Buyout | Completed | Hi-Lite Airfield Services, LLC | - |
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