JLL has announced late last week that it has completed a transaction to acquire the real estate valuation and advisory division of Raymond Chabot Grant Thornton.
The move will expand JLL’s reach among RCGT’s Quebec-based clientele.
“Adding to JLL's industry-leading team of investor experts, 16 professionals, including chartered appraisers, will now join JLL's Montreal office. This new addition marks another strategic acquisition, as the firm continues to expand its global valuation and advisory services to complement its investor services platform,” JLL noted in its news release.
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The transaction included the establishment of a long-term strategic partnership between RCGT and JLL, with the signing of mutual service agreements. JLL is expected to benefit from RCGT’s advisory services, while JLL will become an important strategic partner to RCGT and its clients.
“These highly respected market leaders joining our team will help JLL bring added value to our clients, while expanding our reach in the province of Quebec and tapping into additional industries,” JLL Canada CEO Brett Miller said.