The transaction opens the doors to more high-quality loan opportunities for investor clients
Commercial financing firm Canada ICI Capital Corporation has announced its acquisition of Montreal-based MFCI Capital.
This transaction is in keeping with Canada ICI’s objective to provide investor clients with high-quality loan opportunities, the company said.
“Montreal is a highly-specialized Canadian market,” said Dale Klein, CEO at Canada ICI. “This acquisition allows Canada ICI to hit the ground running with market-proven expertise supported by established relationships that go back 35 years. As experts in the Canadian commercial real estate industry, we understand that Quebec is a relationship province, and strategically important for our existing clients.”
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The alliance was cemented with Tommaso Marcantonio of MFCI Capital, who previously served as managing director at Canada ICI.
“This acquisition is not about growing for the sake of growth. Canada ICI is reuniting with a partner who understands the nuances of doing business in Quebec, and with whom we share the same values,” said Doug Milne, managing partner at Canada ICI. “This move is based on a former partnership with Tommaso and with the MFCI office in Montreal that was very successful. It aligns with our organic growth strategy that allows us to scale our culture in a positive way as we have in other markets.”
