Anthem Properties acquires Calgary-based Cedarglen Homes

Company

Anthem Properties Group

Company

The Cedarglen Group Inc.

Law Firm / Organization
The Cedarglen Group Inc.

Anthem acquired Calgary-based Cedarglen Homes, renowned for its high-quality single-family homes, on December 20, 2023. Cedarglen, established 40 years ago, has become one of Calgary's leading home builders, producing over 300 homes annually. This acquisition marks a significant step for Anthem, reinforcing its presence in Alberta and complementing its Land division activities in Calgary. Anthem and Cedarglen share common goals in growth strategy, culture, and values, making this merger a strategic fit. Cedarglen's President, Howard Tse, highlighted the partnership's benefits, offering employees broader opportunities and customers a wider range of homes in Calgary and surrounding areas. While Cedarglen will operate independently under Howard Tse's leadership, both companies anticipate mutual advantages from their shared market knowledge, systems, and processes. The integration of their business strategies, systems, and tools will be considered if it promises substantial business benefits.

Merger & Acquisition
Other
Undisclosed/Confidential
Closed
20 December 2023