Brookfield Residential to buy Albi Homes

Brookfield Residential is to buy Albi Homes in a deal that has been under consideration for some time.

Confidence in the Calgary construction market has been noted as a reason for a deal, which will combine two of the area’s building firms.

The Calgary Herald says that the deal will not have a negative impact on jobs.

Albi founder Tom Mauro will not stay with the combined company but Allan Klassen, its president and managing partner, will have a new role as senior vice president of Calgary Homes from January 2016. 

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