Announced
Completed
Financials
Tags
Private Equity
Friendly
Completed
United States
Domestic
Security Services
safety technology
Acquisition
Majority
Private
Single Bidder
Synopsis
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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