Hickey buys location strategy specialist CAI Global

Hickey, a Minneapolis-based real estate advisory firm, has acquired CAI Global, a Montreal-based site selection and location strategy consulting firm. The deal is expected to close by year-end.

Founded in 1984, CAI advises clients on investment project strategy, project financing management and negotiation, site selection and project implementation, economic development, and training. The boutique firm has facilitated investment projects valued at more than $8.5 billion.

The bulk of CAI’s clients are multinational organizations planning worldwide investment initiatives and economic development agencies looking for new approaches in their business development efforts.

The consultancy has 18 employees across offices in Montreal, Toronto, and New York, according to LinkedIn.

Hickey’s acquisition of CAI will expand its presence into Canada. The acquired company will form Hickey Canada and will be led by Marc Beauchamp, president and CEO of CAI. Beauchamp will also join Hickey’s global leadership team.

Howard Silverman, founder and chairman of CAI, and Jayne McNaughton, EVP and founding partner at CAI, will also be part of Hickey Canada’s leadership team.

"Customers, whether Canadian or international, will not only have the most experienced and seasoned team, but will also now have a global partner which is driven by the same cultural legacy committed to the customer's ultimate success," said Beauchamp. "We are excited to launch Hickey Canada into what will truly be a new era in site selection."

Founded in 1986, Hickey helps organizations realize operational efficiencies and cost savings throughout their global real estate portfolio. The location strategy specialist has expertise across economic incentives, labour, logistics, supply chain, workforce solutions, and site due diligence to help clients determine optimal places to expand, relocate, or consolidate.

Hickey has more than 60 professionals across offices in the US, Latin America, Europe, and Asia.