Posts tagged Acquisition
St. Louis, Missouri, January 30, 2012 — NAI Global, the global affiliate of local commercial real estate company NAI DESCO, announced that its previously reported acquisition by C-III Capital Partners LLC (C-III) has been completed. The transaction will help create a leading fully integrated commercial property services company that will operate in markets around the world.
NAI Global will continue to operate as a separate company under its current management. C-III will accelerate NAI Global’s growth by exploring business development opportunities in strategic locations, including New York, London, Singapore and other primary global business centers. It will also invest in the growth of the corporate solutions and capital markets offering, expanding asset/property management, project/facilities management and valuation services worldwide.
Mark Schnuck, president of NAI DESCO says the benefits of the acquisition are two-fold, “Our clients (NAI DESCO) will benefit from the strength of the relationships that will come from NAI Global’s new association with C-III.” He added, “In the real estate business, relationships are key and with this acquisition our network of contacts dramatically increases providing our clients with an expanded portfolio of opportunities. The infusion of resources, from financial to technology equipment and expertise, will enable NAI DESCO to pursue upgrades in services that will enhance our ability to meet and exceed the needs of our clients.”