GreenArrow adds HBC Company
The add-on brings electrical services for highway, intersection, and aviation lighting to public roadways, airports, and industrial customers across New Jersey and southern New York.
Takeaways
- HBC is a electrical services for highway, intersection, aviation lighting, and intelligent transportation systems.
- GreenArrow is acquiring HBC with backing from CAI Capital Partners.
- The target serves public roadways, airports, and industrial end-markets across Mid-Atlantic.
CAI Capital Partners-backed GreenArrow has acquired HBC Company, a Lodi, New Jersey-based electrical services firm focused on highway, intersection, aviation lighting, and intelligent transportation systems.
The acquired business serves public roadways, airports, and industrial end-markets throughout New Jersey and southern New York.
The deal extends GreenArrow's Mid-Atlantic footprint from its eastern Pennsylvania operations, connecting the two geographies.
"This is another milestone in our strategic growth", said Lloyd Kuehn, Chief Executive Officer of GreenArrow.
HBC is led by President Gerard Hoogendoorn.
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