Vance Street buys Polara Enterprises

Vance Street Capital has acquired Greenville, Texas-based Polara Enterprises, a provider of pedestrian traffic and safety systems.

Vance Street Capital has acquired Greenville, Texas-based Polara Enterprises, a provider of pedestrian traffic and safety systems. No financial terms were disclosed. Capstone Partners advised Polara on the deal.


Irvine, CA – Capstone Partners, a leading middle market investment banking firm, advised Polara Enterprises—the North American leader in pedestrian traffic and safety systems—on its sale to Vance Street Capital, a leading middle-market private equity firm focused on investing in highly engineered solutions businesses across the industrial technology, medical, life science, aerospace, and defense sectors.

Headquartered in Greenville, Texas, Polara is the leading original equipment manufacturer for technologically advanced and durable accessible pedestrian signals (APS), central control units, crosswalk buttons, and other pedestrian safety equipment utilized at traffic intersections and mid-block crossings.

“The Capstone Team performed exceptionally on our behalf. Their sector expertise, transaction advice, and white-glove service exceeded our expectations. We truly enjoyed working closely together throughout this whole process,” said John McGaffey, President of Polara.

“Polara has a strong history of innovation which naturally breeds a track record of continued success in the smart traffic industry. We love aligning ourselves with industrial technology leaders and are excited for Polara’s future. It was a pleasure serving and partnering alongside the McGaffey Family,” said Peter Nam, Co-Head of Capstone’s Industrial Technology Group.

Capstone Partners is one of the largest independently owned investment banking firms in the United States. For over 20 years, the firm has been a trusted advisor to leading middle market companies, offering a fully integrated range of expert investment banking and financial advisory services uniquely tailored to help owners, investors, and creditors through each stage of the company’s lifecycle. Capstone’s services include M&A advisory, debt and equity placement, corporate restructuring, special situations, valuation and fairness opinions, and financial advisory services. Headquartered in Boston, the firm has 175+ professionals across the U.S. and an international presence including over 450 professionals in 43 countries. With 12 dedicated industry groups, Capstone delivers sector-specific expertise through large, cross-functional teams on a global basis. For more information, visit