Target
The Target is an established full-service property management firm based in Western Canada. For FY2025, the Company generated approximately $8.0 million in revenue and $2.0 million of EBITDA.
The Company serves a high-quality, diversified client base comprised of private commercial property owners, developers, family offices, and select public-sector and institutional investors. Focused on commercial assets, clients typically own office, industrial, retail, mixed-use, commercial strata, and residential rental properties, and seek a hands-off ownership experience supported by strong financial reporting and responsive service.
Transaction
The opportunity is for the purchase of 100% of the shares of the business.
Investment Highlights
Scaled, recurring revenue platform
Professional team manages properties across multiple asset classes, generating a diversified, recurring revenue base with embedded add-on opportunities. With 25%+ EBITDA margins, low capex, and minimal working capital needs, the business delivers efficient and durable free cash flow conversion.
Diversified, institutional client base with exceptional retention
Management fees are anchored by commercial rental (46%), commercial strata (11%), and non-strata residential (13%) clients, with additional ancillary income streams. The Company maintains 95%+ client retention, reflecting high-quality service delivery and durable client relationships.
Scaled operating platform
A full-service model spanning financial reporting, leasing, tenant services, and project coordination enables the Target to meet the complex needs of growth-oriented corporate clients. With industry leading systems, the platform enhances reporting transparency, KPI oversight, and scalable portfolio management.
Growth opportunities
Some clients are priced below market, creating clear upside through disciplined pricing on new mandates and strategic re-pricing over time. Additionally, clients’ ongoing reinvestment in their portfolios provides a capital-light avenue for organic revenue growth.
If you are interested in obtaining more information about this acquisition opportunity, please get in touch with us below.
