MacDougall, MacDougall & MacTier Inc. (3Macs) has completed its acquisition of three Ontario branches of Desjardins Securities, which was announced in June, the companies said Tuesday.
The transaction will enhance the footprint of 3Macs in Ontario and gives its advisors access to Desjardins wealth management products.
Desjardins gains an opportunity to exercise a minority ownership interest in 3Macs in the coming year.
“We’re very excited about this next stage in our long history. Not only are we welcoming a great new team to our family, but we’re also strengthening our position as a leading, independent wealth management firm,” said Randy Ambrosie, president and CEO, in a release.
“We’re happy that the process is now done and we look forward to supporting and participating in 3Macs’ future growth,” said Vincent Hogue, senior vice president and head of private client services at Desjardins Securities.