M&A Deal Summary

Carmanah Acquires Soltek Powersource

On May 25, 2005, Carmanah acquired energy services and equipment company Soltek Powersource for 10M USD

Acquisition Highlights
  • This is Carmanah’s 1st transaction in the Energy Services and Equipment sector.
  • This is Carmanah’s 2nd largest (disclosed) transaction.
  • This is Carmanah’s 2nd transaction in Canada.
  • This is Carmanah’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2005-05-25
Target Soltek Powersource
Sector Energy Services and Equipment
Buyer(s) Carmanah
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Soltek Powersource

Victoria, British Columbia, Canada
Soltek Powersource Ltd. is a designer, manufacturer and supplier of renewable energy solutions. In addition to acting as a master reseller for a number of world leading equipment suppliers, SPS offers a range of proprietary solar power and alternative energy systems used by commercial, government and private customers worldwide. SPS is headquartered in Victoria, British Columbia with branch offices in Alberta, Ontario and California.

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Buyer(S) 1

Buyer

Carmanah

Victoria, British Columbia, Canada
Category Company
Founded 1996
Sector Electrical Equipment
Revenue 31M CAD (2018)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 6
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2005) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-24 AVVA Technologies

Ontario, Canada

AVVA designs, manufactures and distributes the world's finest, energy-efficient, illuminated sign products for corporate identity, point-of-purchase sales, architectural and gaming applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 Spot Devices

Sparks, Nevada, United States

Spot Devices, Inc. is a manufacturer of traffic signaling, round warning, flashing LED sign, rectangular rapid, hybrid beacon signal head, and pedestrian countdown signal head beacons; lane delineation, time clock retrofit, and lighted stop bar systems.

Buy -
Mergr

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