Ontario Teachers, PAG, TPG to merge Cassidy Turley with DTZ
Cassidy Turley, a U.S.-based commercial real estate services provider, has agreed to merge with DTZ Group. The transaction, the value of which was not disclosed, is being backed by an investor group made up of Ontario Teachers’ Pension Plan, PAG Asia Capital and TPG Capital. Cassidy Turley said the combination will create a global, full-service commercial real estate services company under the DTZ brand with revenue of more than US$2.9 billion. Ontario Teachers, PAG and TPG are in the process of closing their US$1.1 billion acquisition of Chicago's DTZ by Oct. 31. The merger is expected to be completed by the end of December.
23 September 2014•5 mins read
