M&A Deal Summary

Carma Acquires Priority

On July 5, 2021, Carma acquired business services company Priority

Acquisition Highlights
  • This is Carma’s 1st transaction in the Business Services sector.
  • This is Carma’s 1st transaction in Canada.
  • This is Carma’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-07-05
Target Priority
Sector Business Services
Buyer(s) Carma
Deal Type Add-on Acquisition

Target

Priority

Oshawa, Ontario, Canada
website
Priority is a provider of utility billing solutions to condominiums, apartments, and commercial buildings. 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. Priority was formed in 2002 and is based in Oshawa, Ontario.

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Buyer(S) 1

Buyer

Carma

Lindsay, Ontario, Canada

website

Category Company
Sector Manufacturing
DESCRIPTION

Carma manufactures and supplies utility submeters and provides utility billing solutions to condominiums, apartments, and commercial buildings. Carma is based in Lindsay, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

Legal