M&A Deal Summary

Vance Street Capital Acquires Carmanah

On May 3, 2022, private equity firm Vance Street Capital acquired electrical equipment company Carmanah

Acquisition Highlights
  • This is Vance Street Capital’s 1st transaction in the Electrical Equipment sector.
  • This is Vance Street Capital’s 3rd transaction in Canada.
  • This is Vance Street Capital’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2022-05-03
Target Carmanah
Sector Electrical Equipment
Buyer(s) Vance Street Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Fort Capital Partners (Financial)

Target

Carmanah

Victoria, British Columbia, Canada
website
Carmanah is a designer and manufacturer of compliant solar and AC-powered systems for pedestrian and traffic safety across North America. Carmanah was founded in 1996 and is based in Victoria, British Columbia.

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Buyer(S) 1

Buyer

Vance Street Capital

Pacific Palisades, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Vance Street Capital is a private equity firm focused exclusively on acquiring mid-market, profitable businesses in the aerospace, defense, industrial, and medical products sectors. Vance Street looks for companies valued from $30 to $350 million with sustainable competitive advantages and proven management. Prospective transaction situations include recapitalizations, management buyouts, corporate divestitures, industry consolidations, and growth capital financings. Vance Street Capital was formed in 2007 and is located in Los Angeles, California.

DEAL STATS #
Overall 22 of 26
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 15 of 16
State (British Columbia) 2 of 2
Country (Canada) 3 of 3
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 PDC

Scottsdale, Arizona, United States

PDC is a U.S.-based contract manufacturer of micro-molded plastic components for the MedTech and Life Science markets. It is a family-owned business known for its micro-molding and "micro-on-macro" solutions, but also possesses injection-compression and over-molding capabilities. PDC's customers include the leading medical device OEMs focused on high-growth therapies and major life science companies focused on the emerging microfluidics product landscape. PDC was formed in 1991 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 Eberle Design

Phoenix, Arizona, United States

Eberle Design is a designer and manufacturer of reliable, high-performance components that enable transportation engineers to manage intersections more safely and efficiently. Eberle Design was founded in 1980 and is based in Phoenix, Arizona.

Buy -
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