TerraNova takes a long-term view of its investments, and can hold portfolio companies for as long as it makes sense, with liquidity coming from dividends and an eventual sale to strategic or financial buyers.
Current Portfolio:
Carma Corp.
Carma Corp. is one of Canada’s largest—and the fastest growing—manufacturer and supplier of utility sub-meters and provider of utility billing solutions to condominiums, apartments and commercial buildings. Carma’s sub-metering systems and billing solutions enable customers to monitor energy consumption, save money and improve sustainability. With Carma’s flagship innovation center in Lindsay, ON, and offices in Toronto, Vancouver, Calgary, Edmonton, Ottawa and Halifax, Carma is a trusted partner to Canada's foremost developers and property managers and supports residents across Canada on a daily basis.
In 2021, Carma acquired Spectrum Building Services, a leading provider of 24/7 flood remediation, restoration and specialized cleaning services to more than 1,000 condominiums and apartment buildings in the Greater Toronto Area.
CarmaCorp.com | CarmaBillingServices.com | SpectrumCo.ca
Luminor Environmental Inc.
Luminor is a leading provider of UV water filtration systems, focused on serving residential, commercial, light industrial and municipal customers in more than 55 countries worldwide. Luminor’s UV water filtration systems are used to neutralize 99.99% of bacteria and viruses found in drinking water, replacing chemical disinfection products such as chlorine. Luminor holds industry leading international certifications and has strong and growing relationships with many of the global leading water treatment companies.
Today, Luminor works with more than 300 of the world’s leading water treatment and distribution companies. In 2022, Luminor was named one of Canada’s Clean Technology winners in Deloitte’s Technology Fast 50 & Fast 500 North America.
Luminor is based in Guelph, ON, and operates globally.
Aventine Investment Counsel
Aventine Investment Counsel is a privately held investment counselor and wealth manager serving high net worth families, corporations and institutions across Canada through both direct relationships and third-party advisory channels. Aventine manages portfolios across a broad variety of both traditional and alternative investment strategies, incorporating appropriate capital allocation and risk management into investment decisions. Aventine’s funds are consistently ranked amongst the top performers in their peer groups. Aventine is based in Toronto.
York Analytical Laboratories Inc.
York Analytical Laboratories is Greater New York’s preeminent full-service environmental testing lab, servicing environmental consultants, developers, utilities, corporate entities and government agencies. York provides analysis of environmental samples including water, soil, air and drinking water for regulated contaminants, including emerging contaminants such as PFAS. York is a NELAP-accredited laboratory and maintains comprehensive licenses in various states, including New York, Connecticut, New Jersey, New Hampshire and Pennsylvania. In addition to servicing clients working on monitoring, commercial development and abatement projects, York is involved in large, long-term infrastructure and high profile projects such as the La Guardia, JFK and Newark airport reconstructions, the Yankee Stadium development, the Second Avenue Subway and Brooklyn Navy Yards projects. York is headquartered in Nyack, NY with labs in Stratford and Newtown, CT, Toms River, NJ and Queens, NY (NYC’s only environmental lab), and customer service centers in New Jersey, New York and Connecticut.
Signature Risk Partners Inc.
Signature Risk Partners Inc. is a rapidly growing managing general agent (MGA), providing specialized commercial insurance programs to select, specialized industries across Canada where owners and operators can benefit from improved coverage and superior service. Launching with coverage for golf courses in 2007, Signature now provides specialized coverage for Wineries, Craft Brewers and Distilleries, Live Events and Venues, and City, Athletic and Social Clubs. With best-in-class service, Signature Risk has earned underwriting and pricing authority from some of the largest insurance companies in the world.
Today, Signature Risk works with over 1,000 licensed insurance brokers in 160 offices across Canada and was named a 2019 finalist by Insurance Business Canada for MGA of the Year and Insurance Industry Employer of Choice.
Signature Risk is based in Toronto and operates across Canada.
Decision Point Research Inc.
Decision Point Research is a privately-held data collection company servicing the market research industry that has grown rapidly since its inception in 2013. Decision Point's clients, both in Canada and worldwide, include major market research firms, political parties and global consumer-facing businesses (including consumer products, financial services and auto companies) that require rigorously collected qualitative and quantitative data in order to make profitable and informed decisions. Decision Point has a large call center in Toronto from where it assists its clients with qualitative and quantitative research through telephone and online surveys, and it also recruits respondents for focus groups and other modes of in-depth interviews. Decision Point, through its "Ethnic Corner" and "Inclusive Insights" programs, has established itself as a leader in effectively conducting research on and collecting data related to a wide array of ethnic and immigrant respondents. Decision Point is headquartered in Toronto.
Minority Investments:
Blue Ant Media Inc.
Blue Ant Media is a privately held, international content producer, distributor and channel operator. From production houses around the world, Blue Ant creates content for multiple genres including factual, factual entertainment, short-form digital series and kids programming. It also has a distribution business which offers a catalogue of 2,300+ hours of content, including the largest 4K natural history offering on the market. Blue Ant Media’s international channel business offers a portfolio of media brands such as Love Nature (International), ZooMoo Networks (International), Smithsonian Channel Canada, BBC Earth (Canada) and HGTV (New Zealand). Blue Ant Media is headquartered in Toronto, with operations in Los Angeles, Singapore, Auckland, Dunedin, London, Sydney, Beijing and Taipei.
Taplytics Inc.
Taplytics, a Canadian technology company with offices in Toronto and Palo Alto, provides an all-in-one digital customer experience solution and is a trusted partner to dozens of Fortune 500 companies. Harnessing the power of AI and cutting-edge software tools, Taplytics develops for its customers the “end-to-end customer journey” from product/service introduction to purchase to customer service, all while capturing and testing real-time data to deliver continued optimization. Customers include RBC Financial Group, CBS, Chick-Fil-A, GrubHub and SoulCycle.
Realized Investments:
Carta Worldwide Inc.
Carta Worldwide is an international leader in transaction processing and payments technology, specializing in prepaid, mobile and emerging payments. Carta’s next generation platform, designed specifically to meet the complexities of the evolving payments environment, excels where legacy systems are challenged--delivering end-to-end solutions that manage risk, enable innovation and optimize profitability. Carta has deep-rooted relationships and deployments with payment leaders such as MasterCard. Carta was sold to Mogo Inc.
Compact Power Equipment Inc.
Compact Power Equipment Inc. was a rapidly growing specialty equipment rental company based in Fort Mill, South Carolina (a suburb of Charlotte, North Carolina). Compact Power rents specialized towable construction and landscaping equipment, including mini-skid steers, backhoes, trenchers, chippers and lifts, to landscape, irrigation, construction and other specialty contractors, as well as do-it-yourself retail customers, predominantly out of more than 1,100 Home Depot locations across North America. In addition, Compact Power also had a maintenance services division which provided maintenance on in-store equipment to the largest big-box retailers across the United States and Canada. TerraNova and its partners successfully sold Compact Power to The Home Depot.
KK Precision Inc.
KK Precision was a leading North American provider of medium-to-large, highly-complex Gas Turbine components and assemblies, specializing in providing comprehensive design, engineering, manufacturing and supply chain management solutions to its OEM customers in the global energy, aerospace, marine and defense industries. KK Precision was based in Toronto.