Marcus & Millichap, a commercial real estate brokerage firm, recently announced that it has acquired McGill Commercial, an independent regional commercial real estate investment sales firm.
This move allows the brokerage firm to expand its presence in the country. Montreal-based McGill Commercial is seen to complement Marcus & Millichap's existing Canadian operations in Toronto, Vancouver, and Calgary.
“McGill is an exciting acquisition for us as we continue to expand our platform in Canada to best serve our clients in Quebec. This transaction immediately establishes our presence in Montreal with top producers who share our philosophy of superior client service and culture,” said Marcus & Millichap President and CEO Hessam Nadji.
“Acquiring McGill is illustrative of our ongoing efforts to actively deploy our capital and deepen our presence across key growth markets such as Canada. McGill is a well-established industry player with an ability to execute across all major product types. We are pleased to have them join the MMI team.”
McGill Co-founder Mickael Chaput, on the other hand, expressed his enthusiasm over the agreement.
“We are very excited to join the Marcus & Millichap team and be part of the growth of the brand in Quebec. The platform will allow us to better serve our clients throughout Canada and the United States,” stated Chaput.
The acquisition closed on August 31st.