The Globe and Mail reports in its Wednesday edition that Origin Merchant Partners is accelerating its U.S. expansion plan.
The Globe's James Berkow writes that Origin is buying Boston-based Consensus Consumer, marking Origin's third acquisition since 2022, the deal will result in it generating most of its business from south of the border.
Origin co-chair Jim Osler said: "Our business has been moving increasingly into the U.S. It was about 40 per cent U.S. business at the beginning of this year. With this deal, we will be easily majority U.S. business going forward."
Origin first expanded to the U.S. in 2022 with the purchase of Chicago-based InterOcean Advisors and it entered the Boston market in 2023 by hiring veteran banker Horacio Facca. At the time, Origin had about 40 bankers spread across five cities.
Once the Consensus deal closes, Mr. Osler said the company's total headcount should hit 80 bankers.
Consensus founder Mike O'Hara will become chair of Origin's U.S. business, the company said in a statement, in order to lead a broader expansion of its American operations.
Origin and Consensus recently collaborated when Fairfax Financial Holdings agreed to pay $579-million for Canadian winemaker Andrew Peller.
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