Parallel49-backed Avison buys Alcor Commercial Realty
Avison Young Inc has acquired Alcor Commercial Realty Inc, a Vancouver-based boutique commercial real estate management company. No financial terms were disclosed for the deal, which will see Alcor rebrand immediately. As a result of the buy, Avison, a Toronto-based provider of commercial real estate services, adds 37 commercial, retail and industrial properties in British Columbia. Avison is a portfolio investment of Parallel49 Equity, a Canadian private equity firm. Between 2011 and 2015, it was backed by Parallel49’s predecessor, Tricor Pacific Capital.
4 April 2018•6 mins read
