Marcus & Millichap (MMI) Tops Q1 EPS by 8c

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Marcus & Millichap (MMI) to Acquire Cleveland-Based Pinnacle Financial Group

May 8, 2018 4:10 PM EDT

Marcus & Millichap, Inc. (NYSE: MMI) entered into a definitive agreement to acquire the assets of Pinnacle Financial Group, Inc., a Cleveland, Ohio based commercial real estate mortgage brokerage and servicing firm. Pinnacle was formed in 1990 and is currently one of the largest independently owned financing companies in the Midwest. The acquisition is scheduled to close by the end of the second quarter.

We are excited to have Pinnacle Financial join the Marcus & Millichap family. Pinnacles three principals, Jim Leonard, Brock Walter and Brian... More