Entrepreneur & Investor Gary Ng Acquires PI Financial Corp.
Posted by Ocean Wealth
PI Financial Corp. (PI) and NG Holdings Canada Ltd. (NG Holdings) today announced that Gary Ng, through NG Holdings, will acquire 100% of PI from its 54 employee shareholders for an all-cash total investment of over $100 million. Subject to all necessary shareholder and regulatory approvals, the transaction is scheduled to close on November 30, 2018. Upon closing, Gary Ng will lead PI as Chairman.
Mr. Ng will be supported by PI’s existing strong team of over 300 people who today provide a broad range of financial services to over 50,000 clients across Canada.
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