Bridgemarq Real Estate Services Inc. completed its acquisition of Bridgemarq Real Estate Services Manager Limited and Proprio Direct from Brookfield Business Partners on March 31, 2024. The deal involved issuing 2,920,877 Class B subordinated limited partnership units, exchangeable into Bridgemarq restricted voting shares, to Brookfield. This strategic move aimed to enhance Bridgemarq's brokerage operations and management, potentially boosting revenue and market share. Post-acquisition, Lorraine Bell became the independent chair of Bridgemarq's board, Spencer Enright was appointed CEO, and key management roles remained with Phil Soper and Glen McMillan. The company also increased its borrowing capacity from $90 million to $95 million. Blair Franklin and Stikeman Elliott LLP served as advisors for Bridgemarq, while Goodmans LLP advised Brookfield.