April 24, 2024 2:08 pm
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Cassidy Turley acquisition completed

Cassidy Turley

By Jeff CCassidy Turleylabaugh | Washington Business Journal

A consortium led by private equity firm TPG Capital has completed its acquisition of D.C.-based commercial real estate brokerage Cassidy Turley, which has an office in Phoenix.

Cassidy Turley’s new owners also include investment management firm PAG Asia Capital and the Ontario Teachers’ Pension Plan. Financial terms weren’t disclosed.

TGP has merged Cassidy Turley’s operations with commercial real estate services firm DTZ, which it acquired in November.

“This combination is an excellent cultural fit and mutually beneficial for both companies, given our strong position in the U.S. market and DTZ’s global footprint,” said former Cassidy Turley CEO Joseph Stettinius, Jr., who now serves as chief executive for the Americas.

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