Parallel49's Avison Young buys Calgary appraisal business

Avison Young Inc has acquired Linnell Taylor Lipman and Associates Ltd, a Calgary-based property appraisal company. No financial terms were disclosed. Toronto-based Avison, a commercial real estate services provider, said the deal will expand its valuation and advisory service business-line coverage in Canada. Avison, which recently bought GPE Companies, is a portfolio investment of Parallel49 Equity, a Canadian private equity firm. It was originally backed by the firm's predecessor, Tricor Pacific Capital.

DealsCanadaNorth AmericaBriefs