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Announced

Completed

Vance Street Capital completed the acquisition of Carmanah Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Friendly

Completed

United States

Domestic

Security Services

safety technology

Acquisition

Majority

Private

Single Bidder

Synopsis

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Vance Street Capital, a private equity firm, completed the acquisition of Carmanah Technologies, a solar LED pedestrian and traffic safety technology. Financial terms were not disclosed. "This is an exciting day for Carmanah as we enter a new chapter. Vance Street's commitment to developing a traffic and pedestrian safety ITS platform aligns with our confidence in the growth of the pedestrian and driver safety market. It kickstarts a new and exciting phase for us that will propel greater opportunities and development of our critical safety products," Geoff Wilcox, Carmanah President & CEO.

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