Nicola Wealth says deal will enhance its offering to high-net-worth individuals, and both private and institutional clients
Nicola Wealth, which manages more than $7 billion in assets, has agreed to acquire Blackwood Partners, an established real estate investment and asset management company specializing in servicing private and institutional clients.
The move to unite with Blackwood is a strategic step for one of Canada’s fastest-growing private investment counsel firms, which will bolster its mission to provide new and innovative real estate investment offerings to high-net-worth clients, and private and public institutions.
Mark Hannah, Managing Director, Nicola Wealth Real Estate, said he was delighted to welcome Blackwood to the Nicola Wealth family. “We have complementary regional, asset, and investment expertise to build a diversified product and service offering to meet the ever-changing demands of the marketplace. Together, we can offer our clients something truly unique.”
The acquisition is design to enhance Nicola’s diversification approach, marrying Blackwood’s established institutional platform with its product offerings and operational capabilities.
Both companies will maintain their business objectives and autonomy, while identifying areas of collaboration.
John Hayes, Managing Partner at Blackwood Partners, added: “Nicola Wealth shares our vision and many common values. We have a common pride in our remarkable customer service, our entrepreneurial approach to business, our collaborative team structures, and our focus on achieving results for our clients.”