CVC DIF acquires CARMA Corp.

On September 15, 2025, CVC DIF announced the acquisition of CARMA Corp. (“CARMA”) from TerraNova Partners. The investment was made through DIF Infrastructure VIII.

CARMA, headquartered in Lindsay, Ontario, provides submetering and essential building services to multi‑residential and commercial properties. The company meters more than 135,000 units across more than 1,000 buildings in Ontario, Alberta, British Columbia, and Nova Scotia.

CVC DIF is an infrastructure investment platform within CVC, a global private markets manager.

McCarthy Tétrault LLP advised National Bank Capital Markets on the financing for CVC DIF’s acquisition of CARMA Corp., with a team led by Ian Mak and Ailbish Bruchet that included Jennifer Y. Sun (Financial Services).