Online estate agent Purplebricks will expand into the Canadian market following the CAD$51m ($37.8m) cash acquisition of Yellow Pages subsidiary DuProprio/ComFree (DPCF). The latter firm operates a commission-free real estate service network, covering Ontario, Québec and Western Canada, and reported 2017 revenues of CAD$45.6m. DPCF will continue to operate under its existing management team, while PurpleBricks is set to invest £15m ($20m) in the firm's expansion over the next two years.
Online estate agent Purplebricks will expand into the Canadian market following the CAD$51m ($37.8m) cash acquisition of Yellow Pages subsidiary DuProprio/ComFree (DPCF). The latter firm operates a commission-free real estate service network, covering Québec, Ontario and Western Canada, and reported 2017 revenues of CAD$45.6m. DPCF will continue to operate under its existing management team, while PurpleBricks is set to invest £15m ($20m) in the firm's expansion over the next two years.