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BBG buys Leitner Group.


19 August 2014 - US property valuation and consulting company Butler Burgher Group (BBG) said it had acquired New York City-based sector player Leitner Group Inc without revealing the financial particulars of the deal.

For the duration of the transitional period, Leitner's office will be doing business as "Leitner Group, now part of BBG", the buyer said.

Joel Leitner, founder of the target company, will remain in charge of the New York office and work alongside Susan Kominski, who overseas BBG's Eastern region operations.

Through the acquisition of Leitner, BBG will be able to broaden its geographical reach and boost its presence in New York and the greater Tri-State area, commented BBG chief executive Diane Butler.

BBG is among the five largest consulting and valuation companies in the US, with 21 offices around the country, according to the press release.

BBG's exclusive financial advisor for the transaction was Deloitte Corporate Finance LLC.

Country: USA

Sector: Construction/Real Estate, Business and Consumer Services

Target: Leitner Group Inc

Buyer: Butler Burgher Group

Vendor: Joel Leitner

Type: Corporate acquisition

Status: Closed

Buyer advisor: Deloitte Corporate Finance LLC

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Publication:M & A Navigator
Geographic Code:1U2NY
Date:Aug 19, 2014
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