M&A Deal Summary

TerraNova Partners Acquires Carma Billing Services

On August 21, 2019, private equity firm TerraNova Partners acquired business services company Carma Billing Services

Acquisition Highlights
  • This is TerraNova Partners’ 2nd transaction in the Business Services sector.
  • This is TerraNova Partners’ 4th transaction in Canada.
  • This is TerraNova Partners’ 4th transaction in Ontario.

M&A Deal Summary

Date 2019-08-21
Target Carma Billing Services
Sector Business Services
Buyer(s) TerraNova Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Carma Billing Services

Lindsay, Ontario, Canada
Carma Billing Services is a provider of utility billing solutions to multi-residential, condominium, commercial and institutional clients. Carma Billing Services is based in Lindsay, Ontario.

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Buyer(S) 1

Buyer

TerraNova Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

TerraNova Partners LP is a diversified, generalist Canadian investment fund focused primarily on private company investments Terra Nova seeks companies at various stages of development where the Firm can add value. TerraNova looks to invest up to $5 million per transaction in growth companies with at least $10 million in revenues. Broad areas of interest include communications, industrials, financial services, business services, healthcare, alternative energy, and manufacturing. TerraNova Partners LP was formed in 2004 and is based in Toronto.


DEAL STATS #
Overall 6 of 7
Sector (Business Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Ontario) 4 of 5
Country (Canada) 4 of 5
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-21 Carma

Lindsay, Ontario, Canada

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 LUMINOR Environmental

Guelph, Ontario, Canada

LUMINOR is a manufacturer of UV water disinfection systems, focused on serving residential, commercial, light industrial and municipal customers in over 55 countries around world. LUMINOR Environmental was founded in 2010 and is based in Guelph, Ontario.

Buy -