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TORONTO-Canadian-based Avison Young will join three of its companies located in Alberta, British Columbia and Ontario, to form Avison Young (Canada) Inc. When the transaction closes, the existing partners and shareholders of the merged entities will become shareholders of the new company. The goal is to form a company that can serve with national accountability over best practices with centralized oversight.

“The formation of Avison Young (Canada) represents the next step in our strategy to aggressively grow both domestically and globally,” says Mark Rose, CEO, in a statement. “With this merger and our strong balance sheet, we are well-placed to pursue our priorities of building our platform and expanding our services and geographic reach.”

Avison Young is a real estate services company embedded in the Canadian market. The company boasts Canadian offices in Vancouver, Edmonton, Calgary, Regina, Winnipeg, Mississauga, Toronto, Ottawa, Montreal, Quebec City and Halifax. A representative of Avison Young tells GlobeSt.com, “As Avison Young has operated under one banner for a long time, they expect integration will be quick and all operating platforms consolidated within a year.”

“Our partners have worked to structure the company to capitalize on the emerging Canadian and international opportunities,” says Bob Levine, British Columbia, member of the board of directors, in a statement. “This agreement is the realization of the long-term goal of the existing provincial companies to form a powerful, national organization that can both better serve our clients in Canada and take our firm to a new level, globally.”

The terms of the merger were not disclosed.

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