Real Matters, the Markham, Ont.-based parent of Solidifi, an appraisal management solutions company with operations on both sides of the border, has obtained C$22 million (US$22.13 million) of "growth financing" through the placement of both equity and debt.
Jason Smith, president and chief executive of Real Matters, said, "We're very pleased to complete this growth financing as it allows us to kick our strategic plan into high gear. With this new capital...we'll continue to expand into new markets, grow our existing businesses and fully leverage our partnership with a network of more than 18,000 field agents."
The company also has a subsidiary in the property and casualty insurance field.
BMO Capital Markets was the sole agent for the financing.
