Mangrove Equity Partners Invests in Hi-Lite Airfield Services, LLC

Frontline Road Safety Acquires Hi-Lite Airfield Services from Mangrove Equity Partners

February 4, 2021

Infrastructure

Frontline Road Safety (a platform backed by The Sterling Group) has acquired Hi-Lite Airfield Services, LLC from Mangrove Equity Partners. Hi-Lite, a North American provider of airfield pavement maintenance, rubber removal, pavement marking and friction testing services, will be integrated into Frontline to expand its airfield capabilities and scale under a larger platform.

Frontline Road Safety (The Sterling Group) Acquires Hi-Lite Airfield Services

January 4, 2021

Industrial Services

Frontline Road Safety, a platform company sponsored by The Sterling Group, has acquired Hi-Lite Airfield Services, the largest airfield-focused pavement marking contractor in North America. The deal is an add-on to the Frontline platform (its fourth since July 2020); Hi-Lite operates across the United States, Puerto Rico, Canada and the Caribbean and Frontline named Tony G. Plut as CEO.

Hi-Lite Airfield Services (Frontline Road Safety) Acquires Axtell's, Inc.

January 13, 2023

Industrial Services

Hi-Lite Airfield Services, a subsidiary of Frontline Road Safety (a platform backed by The Sterling Group), has acquired the airfield marking business of Axtell's, Inc., a Jermyn, Pennsylvania-based pavement marking and airfield maintenance firm. The acquisition will integrate Axtell's crews and leadership into Hi-Lite to expand Frontline's airfield pavement marking capabilities and geographic reach as an add-on to the Frontline platform.

Highlander Partners Acquires Liteye Systems

November 28, 2022

Aerospace & Defense

Highlander Partners, through its newly formed High Point Aerotechnologies division, acquired Liteye Systems, a U.S.-based developer and integrator of counter-unmanned aircraft systems (C-UAS). The transaction marks the first investment by High Point as Highlander pursues a buy-and-build strategy to create a platform in the C-UAS/UAS and related defense markets to support government and military customers.

Mangrove Equity Partners Invests in Vintage Air, LLC

May 2, 2022

Automotive

Mangrove Equity Partners has made a platform investment in Vintage Air, LLC, a San Antonio–based specialty manufacturer of performance aftermarket air conditioning systems for classic and late-model cars and trucks. The deal brings Mangrove's operational team together with Vintage Air's senior management to expand product R&D, optimize manufacturing efficiency and support a leadership transition for founder Jack Chisenhall.

Mangrove Equity Partners Invests in A&R Sealcoating, Inc.

September 6, 2024

Construction

Mangrove Equity Partners has made a minority/growth investment in A&R Sealcoating, Inc., a Southeast Michigan provider of pavement repair and maintenance services. Founder Rocky Ricelli remains a significant owner and will continue to lead the business as Mangrove supports growth, organizational buildout and pursuit of add-on acquisitions.