3Macs completes acquisition of three Ontario branches of Desjardins Securities

Date closed: 9/2/2014

Value: Undisclosed

On September 2, 2014, MacDougall, MacDougall & MacTier Inc. (3Macs) completed their acquisition of three Ontario branches of Desjardins Securities. The two firms will continue to work together to grow their businesses. The transaction gives 3Macs advisors access to Desjardins wealth management products and provides Desjardins an opportunity to exercise a minority ownership interest in 3Macs in the coming year. The completion of this transaction will enhance the footprint of 3Macs in Ontario and allow Desjardins to distribute its products more widely across the country.

3Macs, headquartered in Montréal, Quebec, is a wealth management company.

Desjardins Securities, headquartered in Montréal, Quebec, is the brokerage firm of Desjardins Group. 

BLG represented 3Macs with a team led by Fred Enns that included Matthew Williams, Lisa C. Cabel, Joseph H. Takhmizdjian and James Fu.