Madison Venture tightens grip on MadPac with new share acquisition
Madison Venture Corporation (MVC) has increased its stake in Madison Pacific Properties Inc. (MadPac) through a recent share purchase. The privately held company acquired additional Class B and C shares from the holdings of a deceased former director. The deal, finalised on 26 March 2026, strengthens MVC's position in the Vancouver-based property firm MVC purchased 45,000 Class B voting shares at CA$4.90 each and 653,413 Class C non-voting shares at CA$4.65 each. The total cost of the transaction amounted to CA$3,258,870.
Before this acquisition, MVC already held around 49.32% of MadPac's Class B shares and 47.87% of its Class C shares. Following the purchase, its ownership rose to approximately 49.93% of the Class B shares and 49.13% of the Class C shares. MadPac, headquartered at 389 West 6 Avenue in Vancouver, trades its Class B and C shares on the Toronto Stock Exchange under the symbols MPC and MPC.C. The company's market capitalisation had seen a slight 2% rise—from CA$285.2 million in 2025 to CA$290.77 million by 9 March 2026—before MVC's latest investment.
The acquisition expands MVC's control over MadPac's outstanding shares. The company now holds just under half of both share classes. MadPac's stock remains publicly traded, with its operational performance continuing to influence market valuation.
