- Canadian Investment management company Colliers ( NASDAQ: CIGI ) on Wednesday said it would acquire a controlling interest in commercial real estate property management firm Arcadia Management Group.
- Terms of the deal were not disclosed.
- Arcadia's senior leadership will retain a direct equity stake in the business and continue to drive operations going forward under Colliers' ( CIGI ) partnership model.
- U.S.-listed subordinate voting shares of CIGI earlier closed +1.4% at $92.28.
For further details see:
Colliers to acquire Arcadia Management, expand U.S. property management business