Operating Company Industrial Services

GreenArrow Holdings

Toronto, Ontario, Canada

Provider of advanced transportation infrastructure electrical services, including traffic signals, streetlights, intelligent transportation systems (ITS), and related infrastructure networking/system integration. Acquires and integrates regional contractors to expand service offerings and geography across public and private transportation projects.

Focus Areas
Traffic signal and intersection systems, Roadway lighting and intelligent transportation systems (ITS), Infrastructure networking & system integration

Tracked deals

4

4 tracked deals across 2026.

Recent pace

4

4 tracked deals announced in the last 12 months.

Deal mix

Addon

2 addon · 2 buyout

GreenArrow Holdings Acquisition Volume by Year

Last 1 years

Acquisition volume by year Annual acquisition counts for the last 1 years for GreenArrow Holdings. ~5 est. 4 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    GreenArrow, CAI Capital Partners
    Target
    MSL Electric, Inc.
    Seller
    Warren Moore, Sally Moore
    Type
    Addon

    GreenArrow, backed by CAI Capital, acquired MSL Electric, a union electrical contractor based in Anaheim, California. The deal is positioned as an add-on that expands GreenArrow’s specialized construction capabilities to complement its existing Southern California transportation electrical maintenance operations.

  • Buyer
    GreenArrow
    Target
    Atlantic Transportation Systems, Inc.
    Seller
    Sam Garman (owner of Atlantic Transportation Systems)
    Industry
    IT Services
    Type
    Buyout

    GreenArrow, a transportation electrical and safety infrastructure services provider, acquired Atlantic Transportation Systems, Inc. (ATS) to strengthen its Mid-Atlantic presence in Central Pennsylvania. The deal expands GreenArrow’s capabilities in installing, maintaining, inspecting, and supporting traffic signals and related roadway safety and infrastructure systems, following its “Land and Expand” strategy.

  • Buyer
    GreenArrow, CAI Capital Partners
    Target
    HBC Company (HBC)
    Seller
    HBC Company shareholders (not specified)
    Type
    Addon

    GreenArrow has acquired HBC Company (“HBC”), a Lodi, New Jersey-based electrical services provider focused on highway/intersection lighting, intelligent transportation systems, and aviation lighting. The acquisition strengthens GreenArrow’s Mid-Atlantic transportation infrastructure footprint, extending its presence beyond eastern Pennsylvania into New Jersey and southern New York; financial terms were not disclosed.

  • Buyer
    GreenArrow Holdings, Inc.
    Target
    The Narwhal Group
    Industry
    IT Services
    Type
    Buyout

    GreenArrow Holdings, Inc. announced the successful acquisition of The Narwhal Group to expand its Intelligent Transportation Systems (ITS) and infrastructure networking portfolio. The Narwhal Group is described as a full-service technology firm supporting highway operations, ITS, road weather operations, maintenance, and related system integration.

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