CVC DIF to acquire Carma and Spectrum Building Services from TerraNova Partners.

CVC DIF, a global mid-market infrastructure equity fund manager, agreed to acquire Carma, a Canadian submetering provider, and Spectrum Building Services, a building services platform, from TerraNova Partners, a private equity firm. Financial terms were not disclosed. "Our partnership with TerraNova over the past seven years has been tremendously valuable and impactful, both for the business and for me personally. TerraNova has added significant value supporting the CARMA and Spectrum Teams in our mission to grow into the extraordinary company we are today. Looking forward, I am very excited to continue to drive CARMA's growth into its next chapter, and CVC DIF is the ideal partner for our business and our people going forward," Michael Platt, CARMA CEO.