Carmanah Technologies Acquired by Vance Street Capital

1 min. read
May 3, 2022
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On May 2, 2022, Vance Street Capital, a Los Angeles based private equity firm, announced it has acquired Carmanah Technologies Corporation as part of a strategic partnership to grow a traffic and pedestrian safety ITS platform.

Vance Street is well known for its successful investments in highly engineered solution businesses, focusing on accelerating product innovation and development.

“This is an exciting day for Carmanah as we enter a new chapter,” said Geoff Wilcox, President & CEO of Carmanah. “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.”

Read the press release here.

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