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Marcus & Millichap buys assets of Canadian brokerage firm

Calabasas, Calif.-based brokerage firm Marcus & Millichap Inc. completed the acquisition of the assets of Canadian peer Primecorp Commercial Realty Inc. Oct. 1.

Primecorp will add 11 producers in Canada including its three co-founders, CEO Aik Aliferis, President Nick Pantieras and COO Sam Firestone, according to a release.

The acquisition boosts Marcus & Millichap's footprint to every major metropolitan area in Canada. The company predicts "significant" revenue growth in the country.