PE-owned Cushman & Wakefield buys 20 VIC Management

Cushman & Wakefield has acquired 20 VIC Management Inc, a Toronto commercial real estate advisory and management company. No financial terms were released. Cushman & Wakefield, a real estate business based in Chicago, said the deal will expand its Canadian presence and add depth to the core offering of asset services and project and development services. George Buckles and Randy Scharfe, 20 VIC's co-founders, will join the company as executive managing directors, asset services. Cushman & Wakefield has been owned by an investor group composed of TPG Capital, PAG Asia Capital and Ontario Teachers' Pension Plan since 2015.

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