Carma Corp.

Carma Corp. has acquired  Priority Submetering Solutions Inc. and Priority Submetering Solutions, LLC

Carma Corp. has acquired Priority Submetering Solutions Inc. and Priority Submetering Solutions, LLC

Industry:

Utilities

Carma Corp. has acquired Priority Submetering Solutions Inc. and Priority Submetering Solutions, LLC. MNP Corporate Finance Inc. provided financial and tax due diligence services to Carma Corp.

Transaction Brief

Carma Corp. is a leading Canadian manufacturer of utility sub-metering equipment and a provider of utility billing solutions to condominiums, apartments, commercial buildings. Based in Lindsay, Ontario, Carma has offices in Toronto, Vancouver, Calgary, Edmonton, Ottawa and Halifax. In August 2019, TerraNova Partners LP and Michael Platt acquired majority control of Carma Industries Inc. and Carma Billing Services Inc., in partnership with the Williams family who led and managed Carma for more than 20 years.

Priority Submetering Solutions Inc. and Priority Submetering Solutions, LLC are leading providers of utility billing solutions to condominiums, apartments, and commercial buildings in Canada and the U.S.. For almost 20 years, Priority has established a leading position in the submetering industry and developed a reputation as a trusted partner to many of Canada’s leading developers and property managers. Today, Priority services tens of thousands of customers across Canada and the U.S.