Altus Group Real Estate Services Acquisition | M&A Deal

Altus Group has completed the acquisition of its own shares, a commercial brokerage business in Toronto, for $200 million. Altus Group, a public company in real estate services, provides commercial real estate intelligence and uses the substantial issuer bid to repurchase shares for cancellation. The issuer bid supports Altus Group acquisitions by reducing outstanding equity while maintaining focus on commercial brokerage acquisition opportunities. As an other acquisition by a public company acquisition, Altus Group took up 3,846,153 common shares at C$52.00 per share, representing about 9.69% of issued and outstanding shares net of escrowed shares. The substantial issuer bid was oversubscribed, with settlement expected around April 29, 2026, after TSX Trust Company acted as depositary.