Carma Corp.

Carma Corp. has acquired Spectrum Building Services Co. Inc and Spectrum BS2 Co. Inc.

Industry:

Utilities

Carma Corp. has acquired Spectrum Building Services Co. Inc and Spectrum BS2 Co. Inc. MNP Corporate Finance Inc. provided financial and tax due diligence services to Carma Corp.

Transaction Brief

Carma Corp. is a leading manufacturer and supplier of submetering systems and provider of monthly billing utility solutions, servicing both multi-residential and commercial / institutional buildings.  With a 30+ year track record, Carma is recognized throughout the industry for an unwavering commitment to quality, service and customer support.  In 2019, CARMA was acquired by TerraNova Partners LP, a Toronto-based, professionally-run family office, in partnership with Michael Platt, Carma's CEO.  Today, Carma services multi-residential buildings coast-to-coast and continues to be recognized as the leading commercial submetering provider in Canada.

Spectrum Building Services is a leading provider of building services in the Greater Toronto Area.  Spectrum provides flood remediation, restoration and specialized cleaning services exclusively to condominiums and apartment buildings in the Greater Toronto Area.  During the past 25 years, Spectrum has established a leading position in its market.  Today, Spectrum services +1,000 buildings in the Greater Toronto Area and provides 24/7 emergency service.