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Valterra Products acquires off-grid power business from Carmanah Technologies for US$19.5 million

Fasken
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Overview

Client

Valterra Products LLC

On August 1, 2017, Valterra Products, LLC (Valterra) acquired Carmanah Technologies Corporation’s off-grid power business for $US 19.5  million. The sale is subject to a potential negative adjustment of $1 million if certain tariff matters come into effect during the holdback period.
 
Valterra is a leading supplier of brand name products to the RV, pool and spa, and industrial end markets.
Carmanah distributes a variety of products focused on energy optimized LED solutions for infrastructure, including solar powered LED outdoor lights for municipal and commercial customers.
 
Fasken advised Valterra Products LLC (Canadian Counsel)  with a team that included Tracy Hooey, Clayton Jones, Jack Yu, Chris Steeves, Paul Casuccio and Ron Ezekiel

Team

  • Tracy L. Hooey, Partner, Toronto, ON, +1 416 868 3439, thooey@fasken.com
  • Jack Yu, Partner | CO-LEADER, CHINA PRACTICE GROUP, Toronto, ON, +1 416 868 3457, jyu@fasken.com
  • Christopher Steeves, Partner | Leader, Tax Law, Toronto, ON, +1 416 868 3401, csteeves@fasken.com
  • Paul V. Casuccio, Partner, Toronto, ON, +1 416 868 3491, pcasuccio@fasken.com
  • Ron Ezekiel, Partner | Co-leader, Energy and Climate, Vancouver, BC, +1 604 631 4708, rezekiel@fasken.com