Altus Group Hosted 9th Annual and Special Meeting of Shareholders
28 April 2014 - 10:31PM
Marketwired
Altus Group Hosted 9th Annual and Special Meeting of Shareholders
TORONTO, ONTARIO--(Marketwired - Apr 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 1,900 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.
Altus Group LimitedCamilla BartosiewiczVice President, Investor
Relations(416)
641-9773camilla.bartosiewicz@altusgroup.comwww.altusgroup.com
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