M&A Deal Summary

Carmanah Acquires Spot Devices

On January 7, 2013, Carmanah acquired electrical equipment company Spot Devices

Acquisition Highlights
  • This is Carmanah’s 2nd transaction in the Electrical Equipment sector.
  • This is Carmanah’s 1st transaction in the United States.
  • This is Carmanah’s 1st transaction in Nevada.

M&A Deal Summary
Date 2013-01-07
Target Spot Devices
Sector Electrical Equipment
Buyer(s) Carmanah
Deal Type Add-on Acquisition

Target

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.

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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 3 of 6
Sector (Electrical Equipment) 2 of 5
Type (Add-on Acquisition) 3 of 5
State (Nevada) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-25 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.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-26 SOL

Pompano Beach, Florida, United States

SOL, Inc. designs, manufactures and sells solar outdoor LED lighting solutions. Over the past two decades, the company has installed more than 60,000 systems in more than 60 countries on six continents. SOL Inc. has provided reliable, cost-effective, customized and esthetically pleasing solar lighting solutions for a wide range of lighting applications including roadways, parking lots, paths and trails, perimeter security, campuses, military bases, storage areas and for ad lights or monument signs. SOL’s lighting solutions are less expensive than grid-tied lighting for many applications because they eliminate the cost of wiring, trenching and other electrical and utility costs.

Buy -
Mergr

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