Altus Group Hosted 9th Annual and Special Meeting of Shareholders
TORONTO, ONTARIO–(Marketwired – April 28, 2014) – Altus Group Limited (“Altus Group” or “the Company”) (TSX:AIF) held its ninth Annual and Special Meeting of Shareholders today to highlight key financial and business initiatives taken through 2013 to better position the company for growth and continued shareholder value creation.
Robert Courteau, Chief Executive Officer, Altus Group, outlined the following corporate highlights:
- Attractive Global Market Opportunity: Stable recurring revenues from well managed business units and growing demand for Altus Group’s offerings in global commercial real estate market;
- World-Class Management Team: Most sought after industry expertise with proven track record in execution;
- Foundation for Growth: Strong execution of organic growth, established revenue base from existing platforms and blue chip client base; and,
- Upside Through Innovation: Valuation multiple expansion opportunity through synergy and technology.
“2013 capped an impressive year for Altus Group which saw us take action to strengthen the balance sheet, achieve key financial metrics and make improvements across all business units to enhance profitability,” said Robert Courteau. “The building blocks are in place and we are laser focused on leveraging our expertise, our reach and our independent advice to capture new opportunity.”
The Company reinforced four strategic initiatives that were central to its growth in 2013 and continue to be a key focus for 2014:
- Strengthen Every Business Unit;
- Bring Composite Products and New Offerings to Market;
- Target US and Global Expansion; and,
- Leverage expertise to Global Asset and Investment Management Marketplace (“GAIM”).
The Board formally introduced U.S. based Board Member Raymond Mikulich, who was appointed in December 2013, to enhance U.S. perspective and strategy. Currently Managing Partner and Chief Investment Officer for Ridgeline Capital Group, based in New York, NY, Mr. Mikulich combines strong business acumen with over 30 years of senior executive experience in investment banking, real estate private equity and capital markets. A graduate of Chicago Kent College of Law with a JD (Honors), Mr. Mikulich is a Certified Real Estate Consultant, a RICS Chartered Surveyor and a past Trustee and Governor of the Urban Land Institute.
A copy of today’s presentation along with a video webcast of Altus Group’s Annual and Special Meeting is available at www.altusgroup.com(under Investor Relations).
About Altus Group Limited
Altus Group is a leading provider of independent commercial real estate consulting and advisory services, software and data solutions. We operate five interrelated Business Units, bringing together years of experience and a broad range of expertise into one comprehensive platform: Research, Valuation and Advisory; ARGUS Software; Property Tax Consulting; Cost Consulting and Project Management and Geomatics. Our suite of services and software enables clients to analyze, gain insight and recognize value on their real estate investments.
Altus Group has over 1,800 employees in multiple offices around the world, including Canada, the United States, the United Kingdom, Australia and Asia Pacific. Altus Group’s clients include financial institutions, private and public investment funds, insurance companies, accounting firms, public real estate organizations, real estate investment trusts, healthcare institutions, industrial companies, foreign and domestic private investors, real estate developers, governmental institutions and firms in the oil and gas sector.
For more information, please visit www.altusgroup.com.
Camilla BartosiewiczBartosiewiczVice President, Investor Relations