Avison Young (Canada) has acquired Avison Young Quebec Inc. The purchase includes Avison Young’s independent member real estate firms in Montreal and Quebec City. Terms of the agreement were not disclosed.
The acquisition of the Quebec operations completes the company’s national merger process. In October, the shareholders and partners of Avison Young companies in Alberta, British Columbia and Ontario merged to create Avison Young (Canada). Combined with its affiliate offices in Regina, Winnipeg and Halifax, Avison Young (Canada) now forms Canada’s largest independently owned commercial real estate services company.
“The merger brings together Avison Young’s operations under one brand and marks a significant step in the evolution of the Avison Young organization,” says chairman and CEO Mark E. Rose, who joined Avison Young in June 2008 to spearhead the company’s global growth initiatives.
“Particularly during this time of economic uncertainty, adding the Quebec operations into the corporate fold and under the Avison Young (Canada) banner is an important step in our overall plan to become a fully integrated real estate entity and the industry leader in solving clients’ real estate needs.”
Rose says plans for the company include further acquisitions and partnerships to grow the company internationally.
