GreenArrow, a leader in advanced transportation infrastructure and electrical services across the U.S., recently announced the acquisitions of The Narwhal Group (“Narwhal”), HBC Company (“HBC”), and Atlantic Transportation Systems (“ATS”). Together, these transactions expand GreenArrow’s nationwide platform—establishing a presence in the Pacific Northwest and Intermountain West, while deepening the footprint in the Mid-Atlantic—and broadening capabilities in Intelligent Transportation Systems (ITS) and infrastructure networking.
Headquartered in Salt Lake City, Utah, The Narwhal Group is a specialized provider of innovative transportation products and services. The acquisition, completed in February 2026, significantly expands GreenArrow’s portfolio within the Intelligent Transportation Systems (ITS) and infrastructure networking sectors. By combining GreenArrow’s scale with Narwhal’s specialized networking, system integration, and connected vehicle capabilities, the company is positioned to deliver more robust, end-to-end solutions and redefine how data and connectivity drive modern transportation. Read the full press release here.
Operating out of Lodi, New Jersey and led by Gerard Hoogendoorn, HBC is a specialized provider of electrical services for highway and intersection lighting, intelligent transportation systems, and aviation lighting, serving public roadways, airports, and industrial customers across New Jersey and southern New York. The acquisition, completed in June 2026, adds one of New Jersey’s most respected electrical services providers to GreenArrow’s platform, with a footprint that sits directly adjacent to GreenArrow’s eastern Pennsylvania operations—further connecting and expanding the company’s Mid-Atlantic presence. Read the full press release here.
Based in Carlisle, Pennsylvania, ATS specializes in the installation and maintenance of traffic signals, streetlights, and intelligent transportation systems (ITS). The company has built a strong reputation for excellence, safety, and reliable service to communities across Pennsylvania and the surrounding region. The acquisition, completed in June 2026, expands GreenArrow’s presence in central Pennsylvania and enhances their ability to support customers across the broader Mid-Atlantic. Read the full press release here.
Seeking New Partnerships
GreenArrow is actively pursuing new add-on acquisitions and partnership opportunities with like-minded electrical services organizations. GreenArrow invites interested electrical service providers to join them in shaping the future of transportation infrastructure. If you’re interested in learning more, please submit an inquiry through GreenArrow’s Contact form available on the acquisition opportunities page of this website: www.greenarrow.com/acquisition-opportunities.
About Narwhal Group
The Narwhal Group is a full-service technology firm serving the broader infrastructure sector. Narwhal Group provides innovative products and services for highway operations, planning, research, construction, intelligent transportation systems (ITS), road weather operations, and maintenance areas. For more information, visit www.narwhalgroup.com.
About HBC Company
Headquartered in Lodi, New Jersey, HBC Company is a leading provider of electrical and transportation infrastructure services across New Jersey and southern New York. HBC specializes in highway and intersection lighting, intelligent transportation systems, and aviation lighting, serving public roadways, airports, and industrial customers throughout the region. For more information, visit www.hbcco.com.
About Atlantic Transportation Systems
Atlantic Transportation Systems specializes in the construction, maintenance, and installation of traffic signals, roadway lighting, and traffic control devices (including cameras and pedestrian signals). The company operates out of Carlisle, Pennsylvania. For more information, visit www.atstrafficsignals.com.
About GreenArrow
GreenArrow is a leading provider of transportation infrastructure services, specializing in maintaining and installing transportation electrical infrastructure, including traffic signals, streetlights, intelligent transportation systems, and utility systems. GreenArrow is building a nation-wide operating footprint, pairing experienced regional leadership and on-the-ground expertise in every market we serve, with a central team that provides the shared resources, systems, and best practices to support them. For more information, please visit www.greenarrow.com.
About CAI Capital Partners
CAI Capital Partners is a Vancouver-based private equity firm focused on partnering with and growing founder-owned businesses in the Canadian and US lower middle market. Over more than three decades, CAI has invested over C$1.6 billion of equity capital into companies across North America. For additional information, please visit www.caifunds.com.
For further information please contact:
Curtis Johansson
Partner, CAI Capital Partners
604-694-2527
Date: June 29, 2026
