Peerage Realty Acquires Partnership Interest in the Byng GroupMay 03, 2021
Peerage Realty Partners Inc. has acquired a substantial partnership interest in The Byng Group, Canada's leading provider of services that prepare multi-family residential rental units for new occupants.
The Byng Group provides end-to-end turnover renovation services to owners & managers of multifamily rental properties across Ontario. Ranging from standard apartment turns to full repositions, Byng's scalable offering combines vertical integration, exceptional project management and in-house fabrication facilities with proprietary ERP technology.
Founded in 2007, Peerage Realty Partners, a subsidiary of Peerage Capital (a leading North American business services and private investment firm), offers a unique and time-tested professional partnership model for entrepreneurial North American real estate service firms in premium markets. Through its Partner firms, Peerage Realty transacted over C$18 billion in residential sales in 2020 and forecasts sales of C$20 billion in 2021. It has over 3,000 best-in-class sales representatives and 86 offices in Canada and the United States.
Wildeboer Dellelce LLP acted as legal counsel to The Byng Group in connection with the acquisition with a team comprised of Michael Rennie, Ragu Anantharajah, Mark Coghlan and Julian Lupo (corporate, mergers and acquisitions), James Padwick (debt products) and Katy Pitch and Marija Tasevska (tax).
Full details can be found here.