Altus Group Sells Canadian Appraisals Business to Newmark for Strategic Focus
Event summary
- Altus Group has agreed to sell its Canadian Appraisals business to Newmark for an undisclosed sum, with the deal expected to close on March 1, 2026.
- The acquisition includes over 140 professionals and more than 3,000 clients across eight offices in Canada.
- Newmark has entered into a multi-year license agreement with Altus Group for global access to ARGUS Intelligence and other software/data offerings.
- Colin Johnston, former President of Altus’ Canadian Appraisals business, will lead Newmark’s Valuation & Advisory Services in Canada.
The big picture
This transaction reflects Altus Group’s ongoing efforts to streamline its portfolio and concentrate on core analytics capabilities. The deal underscores the growing trend of market consolidation in the commercial real estate sector, particularly in valuation and advisory services. Newmark’s acquisition enhances its recurring revenue streams and expands its footprint in Canada, aligning with broader industry shifts towards data-driven decision-making.
What we're watching
- Strategic Focus
- How Altus Group’s divestiture will impact its core analytics capabilities and market positioning.
- Integration Challenges
- Whether Newmark can successfully integrate the Canadian Appraisals business into its global Valuation & Advisory offering.
- Market Demand
- The pace at which demand for independent valuation and analytics services will grow in Canada and globally.
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