Spectrum Building Services Co. Inc. acquired by Carma Corp.

April 27, 2021

On April 16, 2021, Spectrum Building Services Co. Inc. (“Spectrum”) closed its sale to Carma Corp. (“Carma”), a leading Canadian manufacturer of utility sub-metering equipment and a provider of utility billing solutions to multi-residential, condominium, commercial and institutional clients. Carma’s sub-metering systems and billing solutions enable customers to monitor energy consumption and improve sustainability.

Spectrum is a leader in the multi-residential services industry for flooring maintenance, emergency restoration and sanitization services.

Miller Thomson advised the shareholders of Spectrum regarding this transaction with a team lead by Max Spearn (Corporate/M&A), and comprised of Genesa Olivieri (Corporate/M&A); Ron Choudhury, (Tax); Tamara Farber (Regulatory); Michelle MacGillivray (Labour & Employment); and Karen Durell (Intellectual Property).