- EDI is a provider of highly engineered traffic safety products
- Vance Street’s ITS platform is now comprised of EDI, Polara Enterprises and Carmanah Technologies
- The acquisition aims to enhance ITS’ intersection safety offerings and enhance EDI’s product development efforts
Vance Street Capital has acquired the third add-on for its Intelligent Transportation Systems platform, with the investment in Eberle Design, Inc., a company that produces intersection safety products across North America.
Headquartered in Phoenix, Arizona, EDI is a provider of highly engineered traffic safety products and industry-leading ITS technologies that enable safe and connected infrastructure. With the most technologically advanced and durable intersection safety devices on the market, EDI’s Advanced Traffic Controller (ATC) suite of products are the latest technological advancements to increase safety, cabinet reliability, functionality, and ease of maintenance across the United States and Canada.
As part of the transaction, EDI will become part of Vance Street’s traffic and pedestrian safety ITS (Intelligent Transportation Systems) platform, which is comprised of Polara Enterprises and Carmanah Technologies. Vance Street partnered with Polara in December 2021 and Carmanah in May 2022.
“EDI is a great example of our efforts to invest organically as well as through M&A to build a leading ITS platform to support Vision Zero’s movement to eliminate traffic related fatalities through providing a holistic product and technology solution to municipalities and DoTs,” said John LeRosen, partner at Vance Street.
Founded in 1980, EDI has more than four decades of electronics & engineering heritage and has been directly enabling smart and safe infrastructure across the traffic, parking & access, emergency response and rail segments. As part of the transaction, EDI’s existing management team will continue to lead the day-to-day business operations.
“EDI has a long history of innovation and leadership within the intersection safety market, and we are excited to be a part of EDI’s next chapter of growth in the space,” said Steve Sandbo, partner at Vance Street. “We believe there is tremendous opportunity to support the Company’s commitment to intersection safety and ITS solutions and we are prepared to make significant investments at EDI to accelerate the business’s product innovation, organizational infrastructure and manufacturing excellence.”