MONTREAL and TORONTO, Jan. 6, 2015 /CNW/ - A group of private investors led by Luc Bernard have joined with two members of the Multi-Prêts/Mortgage Alliance Group executive team, Pierre Martel and Michael Beckette, to acquire all the Group's outstanding shares.
"I am especially proud of this announcement, which confirms our ambition to make our group the uncontested mortgage brokerage leader in Canada," the Group's new President and CEO, Luc Bernard said.
With 30 years' experience in the insurance and banking industries, most recently as executive vice-president of a Canadian bank, I am very pleased to begin the new year by taking on this new challenge with Pierre and Michel at my side. Both are top entrepreneurs who will continue to develop and inspire our teams and our group to reach new heights. Strategically, we intend to take advantage of the opportunities arising from the transformation of the financial services sector. We will also continue accentuating the growth of our partnerships and developing our offer of services for our clients, brokers and partners.
"I'm also very pleased that the two current executives, Pierre Martel, Executive Vice-President and COO, Multi-Prêts, and Michael Beckette, Executive Vice-President and COO, Mortgage Alliance, will be at my side to develop our brands and brokerage platform with a very specific goal in mind: to become the benchmark in mortgage brokerage," Mr. Bernard said.
With sales of nearly $11 billion and a network comprising more than 2,000 enthusiastic Multi-Prêts and Mortgage Alliance brokers, the Group has enabled more than 500,000 Canadians to take advantage of its mortgage services and enjoy significant savings.
Present in Quebec for more than 30 years and with 60 offices, the Multi-Prêts banner holds a dominant position in the market and offers its customers a range of products in partnership with more than 20 financial institutions. It stands apart through its customer-centric approach and culture.
Based in Toronto, the Mortgage Alliance banner is present in most Canadian provinces and has 160 offices across Canada and do business with 35 major lenders. Mortgage Alliance is known for its innovative and distinctive platform for the brokerage industry. The two banners' services cover every aspect of the mortgage transaction, from evaluating the buyer's file to obtaining a mortgage under the best possible conditions at a competitive rate, including negotiating with the lending institutions and supporting the customer at every step along the way.
SOURCE Multi-Prêts Hypothèques
For further information: Media contact: Yasmine Solimane, Corporate Communications Manager, (416) 499-5454 ext. 214