Partnership drives accelerated growth for red hot mortgage giant
Today we announced a blockbuster expansion deal with Caisse de Dépôt et Placement du Québec (CDPQ) for a significant investment in funding. The partnership instantly bolsters our potential to scale up investments in technology, mergers and acquisitions in an all-out effort to cross the $100 Billion threshold in business performance objectives over the next 2 years.
Instantly creating a game changer
The collaboration with CDPQ sets the imminent stage for future acquisitions, IT investments and development deals for the group. Our obsessive quest to streamline the mortgage process for M3’s 8300+ brokers across the country through innovative, open and collaborative technology remains our foundational roadmap.
“The partnership is a true testament to CDPQ’s trust in our values and broker first always vision to transform the industry for all stakeholders — Brokers are looking to us to help differentiate themselves in the eyes of consumers, and today’s exciting announcement gives us access to significant expertise and funding that will support and accelerate our ambitious growth“
— Luc Bernard, Chairman and CEO, M3 Group
A year of accolades and accomplishments
The news comes on the back of a year as the mortgage sector undergoes unprecedented change and during a time of significant growth for M3. We recently announced record-breaking annual volumes of $65+ billion on a TTL basis, true partnerships with National Bank, MyClosing, Equifax, FinTech innovator Flinks and the acquisition of mortgage FinTech industry leading Pinch Financial.
“We are very pleased to showcase our faith in M3 and its innovative visionary growth initiatives as they align perfectly with our desire to compliment the leader in this ever-expanding ecosystem — Bottom line, we could not resist the opportunity to invest in the industry’s most promising player to help shape the mortgage origination industry of the future”
— Kim Thomassin, EVP and Head of Investments in Québec and Stewardship Investing
Luc and his current private group of shareholders continue to retain majority control of the M3 Group.
