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JLL Acquires Valuation & Advisory Division of Raymond Chabot Grant Thornton

Firm Expands Platform, to Create National Presence with Purchase of Quebec Accounting Firm's V&A Practice
January 25, 2018
JLL has purchased the real estate valuation and advisory division of Quebec's largest accounting firm in a move to expand its national platform in Canada.

Chicago-based JLL did not disclose a price but said its purchase of the division of Raymond Chabot Grant Thornton will add 16 professionals, including chartered appraisers, who will join JLL's Montréal office.

"This new addition marks another strategic acquisition as the firm continues to expand its global valuation and advisory services to complement its investor services platform," JLL said in a release.

Frédéric Labrie joins the valuation and advisory platform in Montréal with oversight from an executive committee comprised of Brett Miller, Benoît Egan and Donald Prévost.

JLL said the group will be closely aligned with its existing valuation and advisory practice in Toronto with both teams working together to develop a national strategy. Sylvain Bernèche, a former and now returning JLL broker, will join the capital markets team in Montréal.

"This acquisition is in line with our strategic direction to continue developing our national service platform," Brett Miller, chief executive of JLL Canada, said in a release. "These highly respected market leaders joining our team will help JLL bring added value to our clients, while expanding our reach in the province of Quebec and tapping into additional industries."

The deal includes long-term strategic partnership between the Quebec accounting firm and JLL, with the signing of mutual service agreements. JLL benefits from RCGT's advisory services, while JLL becomes an important strategic partner to RCGT.

"It allows us to improve our capacity and commitment to respond to our clients' needs, both today and in the future. This also ensures the continued prosperity of the division, while our clients continue to benefit from enhanced professional services, technology and research," said Emilio Imbriglio, president and chief executive of Raymond Chabot Grant Thornton, in a statement.

Garry Marr, Toronto Market Reporter  CoStar Group   

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