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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.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
  • ◦Sale/Acquisition
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