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Tribe Property Technologies Expands Presence in Greater Toronto Area with the Acquisition of Meritus Group Management Inc.
Tribe Property Technologies Expands Presence in Greater Toronto Area with the Acquisition of Meri...
About this update from Tribe Property Technologies Inc
[{"type":"text","content":"\n \n \n \n Tribe Property Technologies Expands Presence in Greater Toronto Area with the Acquisition of Meritus Group Management Inc.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n /NOT FOR DISTRIBUTION IN THE U.S. OR TO U.S. NEWSWIRE SERVICES./\n \n \n \n \n \n \n \n Tribe has entered into an agreement to acquire property management firm, Meritus Group Management Inc., which expands Tribe's footprint in the Province of\n \n Ontario\n \n .\n \n \n \n \n This acquisition is expected to add over 5,000 additional homes under management for Tribe\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 29, 2023\n \n \n /CNW/ - Tribe Property Technologies Inc. (TSXV:TRBE) (OTCQB US: TRPTF) (\"Tribe\" or the \"Company\") is pleased to announce that it has agreed to acquire Meritus Group Management Inc. (\"Meritus\"), an arm's-length party, strengthening Tribe's presence in the greater\n \n Toronto\n \n region of\n \n Ontario\n \n . The companies signed the share purchase agreement (the \"Agreement\")  for this transaction\n \n August 29, 2023\n \n .\n \n \n \n \n \n \n \n \n \n \"We look forward to welcoming the Meritus team and their experience managing condominium properties in the\n \n Greater Toronto Area\n \n ,\" said\n \n Joseph Nakhla\n \n , CEO of Tribe. \"Meritus expands our management presence directly into\n \n Toronto\n \n where we have developed many real estate developer relationships through our pre and post construction software. This move allows us to package our entire solution of construction software, property management software, property management services and digital marketplace for homeowners and residents for the thousands of managed communities in greater\n \n Toronto\n \n .\"\n \n \n The acquisition is a continuation of Tribe's strategy of identifying operational opportunities and continuing to expand the Company's national footprint and digital services.  Meritus has over 5,000 homes under management.  This acquisition strengthens Tribe's natio...