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Avison Young Acquires Chicago Proptech Firm Truss
Avison Young has acquired the intellectual property and other select assets of Chicago-based proptech company Truss. Acquisition terms weren’t disclosed. Avison Young will expand the Truss platform to further the digitization of commercial real estate leasing and sales processes for clients.
Along with two dozen Truss employees including software engineers, data scientists, digital analysts and brokers, Truss founder Bobby Goodman will join Avison Young as a principal to assist with the integration of its tools and to provide insights beyond.
“As we considered Truss’ future and examined ways to scale globally, joining Avison Young was a natural next step – our principles and vision for the industry are completely aligned,” said Goodman.
Avison Young CEO Mark Rose said, “Proptech isn’t a stand-alone for us; we’re completely focused on integrating it into the entire suite of services and solutions our people use to deliver insights and competitive advantage for our clients.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
