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  6. nesto Acquires CMLS Financial

M&A Deal Summary

nesto Acquires CMLS Financial

On June 21, 2024, nesto acquired financial services company CMLS Financial

Acquisition Highlights
  • This is nesto’s 1st transaction in the Financial Services sector.
  • This is nesto’s 1st transaction in Canada.
  • This is nesto’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2024-06-21
Target CMLS Financial
Sector Financial Services
Buyer(s) nesto
Deal Type Add-on Acquisition

Target

CMLS Financial

Vancouver, British Columbia, Canada
CMLS Financial is an independent mortgage services company, that provides a wide range of commercial lending services, residential mortgages, and institutional services. CMLS Financial was formed in 1974 and is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

nesto

Montreal, Quebec, Canada
Category Company
Founded 2018
Sector Financial Services
DESCRIPTION

nesto is a digital mortgage lender, that offers a positive, empowering and transparent property financing experience, simplified from start to finish. nesto was formed in 2018 and is based in Montreal, Quebec.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1
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