News:
Owners Developers & Managers
Posted: November 19, 2007
M&G brokers sale of an 80% interest in FirstService
Meredith & Grew has completed the sale of an 80% interest in the firm to FirstService Corp. The existing Meredith & Grew shareholders in the firm will retain a 20% interest.
"Partnering with M&G is a key strategic move for our rapidly growing commercial real estate services platform," said Scott Patterson, president and COO of FirstService. "With the addition of M&G, our commercial real estate services platform now operates from more than 157 offices, in 26 countries around the world and generates annual revenue in excess of $750 million."
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