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New Deal


Announced

The Sterling Group-backed Frontline Road Safety to acquire Hi-Lite Airfield Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

pavement marking

United States

Acquisition

Specialty Contracting

Majority

Private

Domestic

Private Equity

Friendly

Single Bidder

Synopsis

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The Sterling Group-backed Frontline Road Safety, which provides pavement marking services, agreed to acquire Hi-Lite Airfield Services, the largest airfield-focused pavement marking contractor in North America. Financial terms were not disclosed. "Hi-Lite is a best-in-class operator, and a perfect fit within the expanding Frontline family of companies," Brad Staller, The Sterling Group Partner.

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