TerraNova Partners LP and Michael Platt, in partnership with the Williams family, bought majority control of Carma Industries Inc. and Carma Billing Services Inc.
Carma is a Canadian manufacturer of utilities sub-metering equipment. It also provides utility billing solutions to multi-residential, condominium, commercial and institutional clients.
The Williams family will retain an ownership interest in Carma and, along with Ross Pilkey, will remain engaged in the day-to-day business. Platt joined the company in December 2018 and will be the new CEO.
