CARMA Corp. acquires Priority Submetering Solutions Inc.
by CM Staff
The combination develops CARMA's position as a growing submetering business in Canada.
LINDSAY — On Jul. 5, CARMA Corp. announced the acquisition of Priority Submetering Solutions Inc. and Priority Submetering Solutions (US) (collectively, Priority).
Priority is a provider of utility billing solutions to condominiums, apartments, and commercial buildings. For almost 20 years, Priority has established a position in the submetering industry and developed a reputation as a partner to many of Canada’s developers and property managers.
The combination develops CARMA’s position as a growing submetering business in Canada. Together, the combined organization will expand CARMA’s presence across Canada, hopefully enhance CARMA’s quality of services, and strengthen the CARMA Team to better service both CARMA’s and Priority’s customers.
Michael Platt, CARMA’s CEO, commented on the acquisition: “As we strive to better service our customers, including via our recent acquisition of Spectrum Building Services, the acquisition of Priority will enable us to expand our network and strengthen our services and Team. I am excited to partner with Priority’s outstanding employees and am confident Priority and its customers, as well CARMA’s customers, will benefit from our combined organization. As well, I am also thrilled that Andrew Beacom and Jeff Pimm, Priority’s President and Vice-President, will continue as key members of the combined organization.”
Although the ownership of Priority has changed, Priority’s customers will not experience any disruptions. Priority’s operations will be “business as usual”. Online customer access and billing will not change. Priority will also continue to operate its Call Centre to service Priority customers.