to Scott Capital-backed Valterra
Carmanah Technologies Corp (TSX: CMH) has completed the sale of Go Power!, a mobile power solutions provider, to Valterra Products LLC, a U.S. fluid control products supplier to the recreational vehicle, pool and spa, and industrial end markets. Carmanah, a Victoria, British Columbia-based manufacturer of signaling and solar lighting products, said the sale generated US$19.5 million, subject to adjustments and hold-backs. Mission Hills, California-based Valterra is a portfolio company of G. Scott Capital Partners, a U.S. family office. Scott Capital led a recapitalization of Valterra in 2013.
writes:
Carmanah Technologies Corp (TSX: CMH) has completed the sale of Go Power!, a mobile power solutions provider, to Valterra Products LLC, a U.S. fluid control products supplier to the recreational vehicle, pool and spa, and industrial end markets. Carmanah, a Victoria, British Columbia-based manufacturer of signaling and solar lighting products, said the sale generated US$19.5 million, subject to adjustments and hold-backs. Mission Hills, California-based Valterra is a portfolio company of G. Scott Capital Partners, a U.S. family office. Scott Capital led a recapitalization of Valterra in 2013. PRESS RELEASE
Carmanah Announces Completion of Sale of Off-Grid Power (Go Power!) Business
VICTORIA, BRITISH COLUMBIA–(Marketwired – Aug. 1, 2017) – Carmanah Technologies Corporation (TSX:CMH) (“the Company” or “Carmanah”) today announced that it has completed the sale of its Off-Grid Power business (“Go Power!”) to Valterra Products, LLC (“Valterra”), a portfolio company of G. Scott Capital Partners, LLC. (“Scott Capital”). The proceeds of the asset sale were USD $19.5 million subject to adjustments and holdbacks. Beyond the normal final adjustments and holdbacks that are customary in a transaction of this nature, a potential USD $1.0 million negative adjustment of purchase price is part of the transaction agreement. The price adjustment will come into effect if certain pending tariff matters come into effect during the holdback period. “The sale of Go Power! is the final step in a series of reorganizational plans that we announced in October of 2016 designed to increase our strategic focus,” said Carmanah CEO, John Simmons. “We are pleased that these plans are now complete and equally pleased that Go Power! will move to the strong ownership of Valterra where it can continue to grow and thrive.”
“Valterra is very excited to add Go Power!’s strong brand name to our expanding line of products. Go Power! has been a leader in the Off-Grid solar market and this acquisition meshes with our goal of being a dominant player in each of our main product categories. We are especially pleased that Division Manager, Mike Stephens and the Go Power Sales / Operations Team have joined Valterra to continue providing their customers with excellent product knowledge and customer service,” said George Grengs, President and CEO of Valterra Products, LLC. Canaccord Genuity Corp. served as financial advisor and Borden Ladner Gervais LLP acted as legal counsel to Carmanah, respectively. About Carmanah Technologies Corporation
Carmanah designs, develops and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure. Since 1996, we have earned a global reputation for delivering durable, dependable, efficient and cost-effective solutions for industrial applications that perform in some of the world’s harshest environments. We manage our business within two reportable segments: Signals and Illumination. The Signals segment includes serves the Airfield Ground Lighting, Aviation Obstruction, Offshore Wind, Marine and Traffic markets. The Illumination segment provides solar powered LED outdoor lights for municipal and commercial customers. About Valterra Products, LLC and G. Scott Capital Partners, LLC. Valterra has been a leading manufacturer and supplier to the RV, Pool & Spa and Industrial end markets since 1981. Scott Capital is a private investment firm partnering with companies that offer the opportunity for solid, achievable growth and capital appreciation. Scott Capital takes a distinct long-term “buy and build” approach to achieve superior value for all company stakeholders. CONTACT INFORMATION

to Scott Capital-backed Valterra - PE Hub
to Scott Capital-backed Valterra
August 9, 2017
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Carmanah sells Go Power!

to Scott Capital-backed Valterra
Carmanah Technologies Corp (TSX: CMH) has completed the sale of Go Power!, a mobile power solutions provider, to Valterra Products LLC, a U.S. fluid control products supplier to the recreational vehicle, pool and spa, and industrial end markets. Carmanah, a Victoria, British Columbia-based manufacturer of signaling and solar lighting products, said the sale generated US$19.5 million, subject to adjustments and hold-backs. Mission Hills, California-based Valterra is a portfolio company of G. Scott Capital Partners, a U.S. family office. Scott Capital led a recapitalization of Valterra in 2013. Continue reading on PE HUB
writes:
Carmanah Technologies Corp (TSX: CMH) has completed the sale of Go Power!, a mobile power solutions provider, to Valterra Products LLC, a U.S. fluid control products supplier to the recreational vehicle, pool and spa, and industrial end markets. Carmanah, a Victoria, British Columbia-based manufacturer of signaling and solar lighting products, said the sale generated US$19.5 million, subject to adjustments and hold-backs. Mission Hills, California-based Valterra is a portfolio company of G. Scott Capital Partners, a U.S. family office. Scott Capital led a recapitalization of Valterra in 2013. PRESS RELEASE
Carmanah Announces Completion of Sale of Off-Grid Power (Go Power!) Business
VICTORIA, BRITISH COLUMBIA–(Marketwired – Aug. 1, 2017) – Carmanah Technologies Corporation (TSX:CMH) (“the Company” or “Carmanah”) today announced that it has completed the sale of its Off-Grid Power business (“Go Power!”) to Valterra Products, LLC (“Valterra”), a portfolio company of G. Scott Capital Partners, LLC. (“Scott Capital”). The proceeds of the asset sale were USD $19.5 million subject to adjustments and holdbacks. Beyond the normal final adjustments and holdbacks that are customary in a transaction of this nature, a potential USD $1.0 million negative adjustment of purchase price is part of the transaction agreement. The price adjustment will come into effect if certain pending tariff matters come into effect during the holdback period. “The sale of Go Power! is the final step in a series of reorganizational plans that we announced in October of 2016 designed to increase our strategic focus,” said Carmanah CEO, John Simmons. “We are pleased that these plans are now complete and equally pleased that Go Power! will move to the strong ownership of Valterra where it can continue to grow and thrive.”
“Valterra is very excited to add Go Power!’s strong brand name to our expanding line of products. Go Power! has been a leader in the Off-Grid solar market and this acquisition meshes with our goal of being a dominant player in each of our main product categories. We are especially pleased that Division Manager, Mike Stephens and the Go Power Sales / Operations Team have joined Valterra to continue providing their customers with excellent product knowledge and customer service,” said George Grengs, President and CEO of Valterra Products, LLC. Canaccord Genuity Corp. served as financial advisor and Borden Ladner Gervais LLP acted as legal counsel to Carmanah, respectively. About Carmanah Technologies Corporation
Carmanah designs, develops and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure. Since 1996, we have earned a global reputation for delivering durable, dependable, efficient and cost-effective solutions for industrial applications that perform in some of the world’s harshest environments. We manage our business within two reportable segments: Signals and Illumination. The Signals segment includes serves the Airfield Ground Lighting, Aviation Obstruction, Offshore Wind, Marine and Traffic markets. The Illumination segment provides solar powered LED outdoor lights for municipal and commercial customers. About Valterra Products, LLC and G. Scott Capital Partners, LLC. Valterra has been a leading manufacturer and supplier to the RV, Pool & Spa and Industrial end markets since 1981. Scott Capital is a private investment firm partnering with companies that offer the opportunity for solid, achievable growth and capital appreciation. Scott Capital takes a distinct long-term “buy and build” approach to achieve superior value for all company stakeholders. CONTACT INFORMATION

Carmanah sells Go Power! to Scott Capital-backed Valterra

Business
VICTORIA, BRITISH COLUMBIA--(Marketwired - Aug. 1, 2017) - Carmanah Technologies Corporation (TSX:CMH) ("the Company" or "Carmanah") today announced that it has completed the sale of its Off-Grid Power business ("Go Power!") to Valterra Products, LLC ("Valterra"), a portfolio company of G. Scott Capital Partners, LLC. ("Scott Capital"). The proceeds of the asset sale were USD $19.5 million subject to adjustments and holdbacks. Beyond the normal final adjustments and holdbacks that are customary in a transaction of this nature, a potential USD $1.0 million negative adjustment of purchase price is part of the transaction agreement. The price adjustment will come into effect if certain pending tariff matters come into effect during the holdback period. "The sale of Go Power! is the final step in a series of reorganizational plans that we announced in October of 2016 designed to increase our strategic focus," said Carmanah CEO, John Simmons. "We are pleased that these plans are now complete and equally pleased that Go Power! will move to the strong ownership of Valterra where it can continue to grow and thrive." "Valterra is very excited to add Go Power! 's strong brand name to our expanding line of products. Go Power! has been a leader in the Off-Grid solar market and this acquisition meshes with our goal of being a dominant player in each of our main product categories. We are especially pleased that Division Manager, Mike Stephens and the Go Power Sales / Operations Team have joined Valterra to continue providing their customers with excellent product knowledge and customer service," said George Grengs, President and CEO of Valterra Products, LLC. Canaccord Genuity Corp. served as financial advisor and Borden Ladner Gervais LLP acted as legal counsel to Carmanah, respectively. About Carmanah Technologies Corporation
Carmanah designs, develops and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure. Since 1996, we have earned a global reputation for delivering durable, dependable, efficient and cost-effective solutions for industrial applications that perform in some of the world's harshest environments. We manage our business within two reportable segments: Signals and Illumination. The Signals segment includes serves the Airfield Ground Lighting , Aviation Obstruction , Offshore Wind , Marine and Traffic markets. The Illumination segment provides solar powered LED outdoor lights for municipal and commercial customers. About Valterra Products, LLC and G. Scott Capital Partners, LLC. Valterra has been a leading manufacturer and supplier to the RV, Pool & Spa and Industrial end markets since 1981. Scott Capital is a private investment firm partnering with companies that offer the opportunity for solid, achievable growth and capital appreciation. Scott Capital takes a distinct long-term "buy and build" approach to achieve superior value for all company stakeholders. This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "estimates," "could," "will" or variations of such words and phrases. Forward-looking statements or information in this news release relate to, among other things: the potential adjustment to the purchase price. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Carmanah to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such factors include, but are not limited to: our ability to become a worldwide leader in the marine aids to navigation industry, the potential growth of the off-shore wind safety market or our ability to participate in any growth and other general uncertainties that may impact actual outcomes. These forward-looking statements are based on management's current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. Carmanah disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law. For additional information on these risks and uncertainties, see Carmanah's most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company's website at www.carmanah.com . The risk factors identified in Carmanah's AIF and MD&A are not intended to represent a complete list of factors that could affect Carmanah. Contact Information

Carmanah Announces Completion of Sale of Off-Grid Power (Go Power!) Business

Brookside Equity Partners and G. Scott Capital Partners Back Valterra Products
July 16, 2013
Brookside Equity Partners and G. Scott Capital Partners have co-invested in Valterra Products. No financial terms were disclosed. Headquartered in Mission Hills, Calif, Valterra is a provider of fluid control products to the RV, pool and spa and industrial markets. PRESS RELEASE
July 16, 2013
Brookside Equity Partners LLC is pleased to announce it has co-invested in Valterra Products, LLC, headquartered in Mission Hills, CA. The transaction was led and sponsored by G. Scott Capital Partners, LLC based in Rowayton, CT. Founded 31 years ago, Valterra is a leading designer and manufacturer of brand name fluid control products to the recreational vehicle (“RV”) aftermarket & OEM, pool & spa, and industrial markets. The Company offers among the most comprehensive product lines in its respective markets, with a portfolio of over 3,500 products and accessories. Valterra’s suite of products includes valves, fittings, regulators, hoses, sewer kits, as well as pool water test kits, pumps, filters and cleaning accessories. Its products are sold to a large and diverse base of over 1,200 customers, both in the U.S. and internationally. About Brookside Equity Partners
Brookside Equity Partners sponsors control private equity investments in middle-market companies. We also co-invest equity alongside other investment firms and financial sponsors. Brookside Equity Partners is not a traditional fund. Our capital is family capital, evergreen, patient and flexible. Our investment horizons are determined by the needs of the businesses in which we invest, rather than by outside limited partners. This flexibility distinguishes us from other private equity groups which may seek investment realizations based on fund raising cycles rather than fundamental business reasons. Brookside Equity Partners structures investments with a conservative capital base and a term that is appropriate for the companies in which we invest. We are proud of our successful investment track record, beginning with the inception of our predecessor entity in 1977. Investment Criteria
The companies in which we invest typically exhibit the following attributes:
• Revenue $15 to +$150 million • Superior management
• EBITDA $3 to +$25 million • Consistent performance
• Gross margin +25% • Defensible market position
• EBITDA margin +10% • High returns on capital
Please contact us or visit our website at www.BrooksideEquity.com for additional information. We welcome investment proposals and promise a prompt and confidential response. © 2015 Buyouts Insider / Argosy Group LLC


Brookside Equity Partners and G. Scott Capital Partners Back Valterra Products

June 4, 2013 by RVBusiness   Leave a Comment
G. Scott Capital Partners LLC announced today (June 4) that it has led the recapitalization of Valterra Products LLC, taking an ownership stake with founders George Grengs and Dennis Lunder, who remain significant shareholders. Based in Mission Hills, Calif., Valterra is a designer and manufacturer of brand name fluid control products to the recreational vehicle, pool and spa and industrial markets, according to a press release. “Valterra has developed a strong presence in each of its respective markets, and has built a trusted and respected brand name,” said Greg Scott, managing director of Scott Capital. “Together with Valterra’s leadership team, our goal is to grow the company even further, both organically and via acquisitions, while continuing Valterra’s tradition of offering high-quality, value-added products.”
“We were looking for the right partner to help accelerate the growth of Valterra; someone who understood and appreciated the nuances of our business, as well as someone who could provide both capital and sound strategic advice to our team,” added George Grengs, president of Valterra. “After careful consideration, we found that partner in Scott Capital. They have a wealth of experience and success in taking each company with whom they partner to a higher level while keeping in place what makes each company great — its people, reputation, and commitment to the customer.”
“Valterra’s leadership has done a tremendous job of growing the business,” explained Tom Pogacnik, director of Sperry, Mitchell and Company, who advised Valterra on the transaction. “With the resources of Scott Capital now behind it, Valterra is in an ideal position to accelerate its growth and development.”
Founded in 1981, Valterra offers a growing portfolio of more than 3,500 products and accessories, Grengs noted. Valterra’s suite of products includes valves, fittings, regulators, hoses, sewer kits, as well as pool water test kits, pumps, filters and cleaning accessories. Its products are sold to a diverse base of more than 1,200 customers in the United States and internationally. Scott Capital is a private investment firm that focuses on companies that offer the opportunity for solid, achievable growth and capital appreciation, Scott explained. The firm believes in creating value by partnering with existing management teams and by taking a distinct long-term “buy and build” view with each portfolio company investment, he added, noting that Scott Capital assists its partner companies with a range of operational and strategic support activities. Sperry, Mitchell & Co. served as exclusive financial advisor to Valterra. Dentons US LLP served as Valterra’s legal representation in the United States, while McKenna Long & Aldridge LLP served as Valterra’s legal representation in Mexico. Scott Capital’s legal counsel was Bradley Arant Boult Cummings LLP.


Valterra Enlists Scott Capital to Elevate Growth

Recap

Valterra Products is a supplier of brand name product lines to the RV, Pool & Spa, and Plumbing Industries. Valterra's maquiladora Contract Manufacturing Division offers low-cost custom manufacturing and assembly services to client companies seeking to reduce costs and improve the bottom line.

Date	6/7/2013
Round	Recap
Amount
Investors	Brookside Equity Partners, and Scott Capital
Valuation
Revenue	0 FY undefined
Sources	2

First funding	Last Funding	Investor	Rounds	Board Seats	Type	Location
6/7/2013	6/7/2013	Brookside Equity Partners	1 Recap		Private Equity	Connecticut
00/00/0000	00/00/0000	Scott Capital	Subscribe to see more		Family Office	Connecticut

First funding	6/7/2013	00/00/0000
Last Funding	6/7/2013	00/00/0000
Investor	Brookside Equity Partners	Scott Capital
Rounds	1 Recap	Subscribe to see more
Board Seats
Type	Private Equity	Family Office
Location	Connecticut	Connecticut

Date	8/10/2017
Investment Stage
Companies	Go Power!
Valuation	$99M
Total Funding
Note	Acquired
Sources	1

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Valterra Products

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Valterra Products Funding, Valterra Products Valuation & Valterra Products Revenue

Valterra Products Investors

Valterra Products Acquisitions

1 Acquisition

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