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Deal snapshot: M3 MORTGAGE ACQUIRES CANADIAN MORTGAGE BROKER NETWORK VERICO.

MANews-(C)2009-2017

Canadian mortgage company M3 Mortgage Group has acquired Canadian mortgage broker network Verico, the company said. The addition further enhances the company's standing as the largest non-bank mortgage originator across the country.

The acquisition positions the group for accelerated investment in those critical success levers like branding, technology and marketing in support of brokers across the country. The M3 Mortgage Group is a non-bank mortgage originator. Its subsidiaries include Multi-PrA*ts Mortgages, Mortgage Alliance, Invis, Mortgage Intelligence and Verico.

Country: Canada

Sector: Banking/Financial Services

Target: Verico

Buyer: M3 Mortgage Group

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Sep 29, 2017
Words:115
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