Carmanah - M&A Summary, Ownership, and Business Overview

Electrical EquipmentCompany

Carmanah M&A Summary

Carmanah has acquired 6 companies of its own. It has also divested 1 asset.

Carmanah’s largest acquisition to date was in 2015, when it acquired Sabik Group of Companies for $24M. Carmanah has acquired in 2 different US states, and 4 countries. The Company’s most targeted sectors include electrical equipment (84%) and energy services and equipment (17%).

Carmanah Ownership

Who owns Carmanah?

Carmanah is owned by Vance Street Capital. It was acquired on May 3, 2022.

Is Carmanah PE-backed?

Yes. Carmanah is owned by private equity investor Vance Street Capital.

Carmanah Business Overview

Where is Carmanah headquartered?

Carmanah is headquartered in Victoria, British Columbia.

What is Carmanah’s revenue?

Carmanah disclosed revenue of 31M CAD for 2018 and 27M CAD for 2017.

What sector is Carmanah in?

Carmanah is an electrical equipment company.

When was Carmanah founded?

Carmanah was founded in 1996.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 2

Carmanah

Carmanah Technologies Corp.

250 Bay Street,
Victoria, British Columbia V9A 3K5
Canada,
(250) 380-0052
www.carmanah.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $36M $36M
Sell (0.2/yr) # - 1 - - - - 1
  7

Most Recent M&A

Company Date Value Type
SOL, Inc. 2020-03-19 - Divestiture
Pompano Beach, Florida · www.solarlighting.com
Cybernetica - EKTA Branded Products 2016-11-29 2M EUR Divestiture
, Estonia
Sabik Group of Companies 2015-06-10 24M EUR Add-on Acquisition
Porvoo, Finland · www.sabik.com
SOL, Inc. 2014-05-26 - Add-on Acquisition
Pompano Beach, Florida · www.solarlighting.com
Spot Devices, Inc. 2013-01-07 - Add-on Acquisition
Sparks, Nevada
Soltek Powersource Ltd. 2005-05-25 10M USD Add-on Acquisition
Victoria, British Columbia
AVVA Technologies, Inc. 2003-06-24 - Add-on Acquisition
, Ontario
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 5 (83%) 26M (72%) 1 (100%) -
Energy Services and Equipment 1 (17%) 10M (28%) - -
Total 6 $36M 1 -

By Geo

State/Country Buy Value Sell Value
United States 2 - 1 -
  Florida 1 - 1 -
  Nevada 1 - - -
Canada 2 10M - -
  Ontario 1 - - -
  British Columbia 1 10M - -
Estonia 1 2M - -
Finland 1 24M - -
Domestic 2 (33%) 10M (28%) - -
Cross-border 4 (67%) 26M (72%) 1 (100%) -
Total 6 $36M 1 -

Deal Values

buy # Total
< $100M 3 $36M
TOTAL $36M
Largest Sabik Group of Companies
$24M (2015-06-10)

M&A Connections

Deals
Acquired from
Strategic(s)
17%
1 (17%)
Divested to
Strategic(s)
100%
1 (100%)

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