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 TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedAxtell's, Inc.-
Add-on, Trade SaleCompletedHi-Lite Airfield Services, LLC-
BuyoutCompletedHi-Lite Airfield Services, LLC-

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