GreenArrow, a transportation‑infrastructure specialist from East Chicago, Indiana, has bought Lodi‑based electrical contractor HBC Company. The deal, backed by CAI Capital Partners, expands GreenArrow’s service footprint into residential and commercial electrical work. No financial terms were disclosed, but the acquisition signals a push toward diversified infrastructure services for municipal projects across the Midwest region and broadening its national reach in the sector.

HBC, founded in 1992 and led by Gerard Hoogendoorn, has built a reputation for efficient electrical installations on highways, bridges, and transit facilities. GreenArrow’s acquisition brings that expertise under one roof, allowing the parent firm to offer end‑to‑end infrastructure solutions. The integration is expected to streamline project delivery and reduce overhead for both companies in the upcoming year and bolster client portfolio.

The transaction underscores CAI Capital Partners’ strategy to consolidate niche infrastructure players into a single, scalable entity. While the purchase price remains undisclosed, industry observers note that the deal aligns with a broader trend of vertical integration in the construction sector. Investors will watch how the combined entity positions itself against larger competitors in the near future.