Newmark Group, Inc. announced that it will acquire Altus Group Limited’s Canadian Appraisals business, a team of more than 140 professionals serving over 3,000 clients. The deal, which is expected to close on or about March 1, 2026, also grants Newmark a multi‑year license to Altus’s ARGUS Intelligence software, a leading platform for commercial real‑estate valuation and performance analytics.
The acquisition broadens Newmark’s footprint in Canada and adds a recurring‑revenue stream to its Valuation & Advisory platform. By integrating Altus’s appraisal expertise and ARGUS technology, Newmark can deepen client relationships, expand its data‑driven advisory services, and accelerate growth of its Management Services segment. The move positions the company to capture a larger share of the Canadian commercial‑real‑estate advisory market while reinforcing its strategy of building a global, recurring‑revenue platform.
Altus Group’s divestiture reflects its broader strategy of trimming non‑core assets to focus on analytics. The sale follows the 2024 divestiture of its global property‑tax services division to Ryan LLC for $700 million, underscoring Altus’s intent to sharpen its core analytics capabilities. The Canadian Appraisals business, with its strong reputation among institutional, lender, and public‑sector clients, will continue to operate under Newmark’s umbrella, preserving client relationships and employee continuity.
Newmark’s financial profile underscores the strategic fit. For the twelve months ended September 30, 2025, the company generated revenues of $3.1 billion and operated from roughly 170 offices with more than 8,500 professionals worldwide. The transaction adds a recurring‑revenue business that complements Newmark’s existing brokerage and advisory services, helping to diversify revenue sources and improve operating leverage. While the company’s debt‑to‑equity ratio stands at 1.94 and its Altman Z‑Score is 1.46, the acquisition is expected to strengthen its recurring‑revenue base and support future growth initiatives.
No immediate market reaction has been reported, as the transaction is still pending closing. However, the deal signals a clear strategic shift toward data‑driven advisory services and a stronger presence in Canada, positioning Newmark to compete more effectively against other Canadian appraisal and advisory firms. Integration plans and expected synergies have not yet been disclosed, but the acquisition is expected to create operational efficiencies and broaden Newmark’s service offering.
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