- What Canada ICI has agreed to acquire Lorne Capital
- Why The move will expand Canada ICI’s national reach and service offering
- What’s next The deal is effective June 1
Canada ICI Capital is acquiring Toronto-based Lorne Capital, effective June 1.
The deal will help scale Canada ICI’s national operations and will expand its reach and service offering to Canada Mortgage and Housing Corp.-insured borrowers.
“This acquisition is not just about expanding the team; it’s about enriching the service offering and deepening the impact we can make for our clients,” said Rick Bachalo, president of Canada ICI.
Canada ICI, a CMHC-approved lender, arranges more than $9 billion of financing each year.