NEW JERSEY—Toronto-based Avison Young has acquired The Walsh Company LLC, a multi-service advisory firm based in Morristown, N.J. The acquisition expands Avison Young’s market across the Northeast and will add 53 employees to Avison Young’s operations. Terms of the deal were not disclosed.
Two of the employees to be added to Avison Young include Edward S. Walsh (founder and president of The Walsh Company) and Thomas J. Walsh (managing principal at The Walsh Company). Both will join Avison Young as principals and will be responsible for leading the growth and development of Avison Young’s project management services platform in region.
In addition, other executives from The Walsh Company that will make the move to Avison Young include: Brian Tobiasz, senior vice president of operations; Christopher Richter, senior vice president of development; John Mercurio, vice president of construction; Tracey Kasper, vice president of project management; and Lisa Addeo, vice president of finance. Kevin Daly, who heads The Walsh Company’s Boston office, will also continue in his role at Avison Young.
“Project management is a key component of our growth model,” said Earl Webb, Avison Young’s president, U.S. operations. “Few firms have the deep industry relationships, expertise and credibility that The Walsh Company has established, and we are excited to capitalize on this partnership to further build our market share in the Tri-State region, as well as in the Boston and Washington, DC markets.”
Over the past three and a half years, Avison Young has grown from 11 to 37 offices in 31 markets.
The Walsh Company’s current office at 1120 Headquarters Plaza in Morristown will become Avison Young’s New Jersey headquarters.