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M3 Mortgage Group acquires Verico Financial, the top network of independent brokers across the country to become the largest mortgage brokerage in Canada

Date closed: 9/21/2017

Value: Undisclosed

On September 21, 2017, M3 Mortgage Group, the parent company of Multi-Prêts Mortgages, Mortgage Alliance, Invis and Mortgage Intelligence acquired Verico Financial Group Inc.

The addition further enhances M3 Mortgage Group's standing as the largest, fastest growing non-bank mortgage originator across the country with 44B$ of mortgages this year.

BLG represented M3 in the transaction with a team let by Stefan Timms that included Kyle Denomme (Corporate), Vincent Frenette (Financial Services), Donna Spagnolo (Regulatory), James Fu (Employment and Employee Benefits), Steve Suarez (Tax), Subrata Bhattacharjee (Competition) and Brandon Evenson (Intellectual Property).