Colliers connects main regional engineering and design agency


TORONTO AND SAN ANTONIO, March 10, 2022 (Globe Newswire) — Main international skilled providers and funding administration agency Colliers (NASDAQ and TSX: CIGI) in the present day introduced that its Colliers Engineering & Design (“CED”) enterprise unit has acquired KFW. Engineers acquired. & Surveying (“KFW”), a San Antonio-based civil engineering, design and surveying agency. Moreover, CED’s present scale and capabilities in Texas and the Southwest will likely be enhanced. KFW’s operations will likely be rebranded by the fourth quarter of 2022 and will likely be absolutely built-in into CED’s present Texas operations. Underneath Colliers’ distinctive partnership mannequin, KFW’s senior management staff has develop into a major shareholder within the general CED platform and can lead its progress in quickly rising Texas. market. Phrases of the transaction weren’t disclosed.

Based in 2006, KFW’s greater than 100 engineers, licensed surveyors, and different professionals assist speedy inhabitants progress and associated improvement in southern Texas, together with residence building, college programs, civil engineering, environmental, and survey providers. Together with providing built-in land improvement. and different industrial actual property builders.

“Partnering with proficient professionals at KfW is the most recent in CED’s nationwide progress ambitions, following a document 12 months of progress in 2021,” mentioned Ilyas Mulmuttil, Co-Chief Funding Officer, Colliers. “Colliers continues to draw best-in-class corporations that worth our distinctive partnership mannequin and long-term progress horizon, and who aspire to thrive inside a top quality, entrepreneurial company tradition.”

Kevin Haney, CED’s President and CEO, mentioned, “KfW professionals have deep Texas roots and can present us with specialised market information, sturdy buyer relationships and a greater presence on this vital and high-growth market.” “By means of KFW, we’re completely positioned to capitalize on the Texas inhabitants growth, and we’re thrilled to welcome their staff to the Colliers household.”

Steven Kruskoff, co-founder and managing companion of KfW, mentioned, “Becoming a member of a big, multidisciplinary engineering and design agency that shares our entrepreneurial tradition and deal with service excellence was the logical subsequent step for us ” KfW Co-Founder and Managing Accomplice George Verron mentioned, “Texas has super progress alternatives, and we’re excited to tackle a management position as we leverage CED’s scale and capabilities to drive our progress and success. choose up.”

In reference to this transaction, AEC Advisors acted as monetary advisor to KfW.

Colliers. about

Colliers (NASDAQ, TSX: CIGI) is a number one diversified skilled providers and funding administration firm. With operations in 62 nations, our 17,000 entrepreneurial professionals work collaboratively to offer skilled actual property and funding recommendation to shoppers. For greater than 27 years, our skilled management with vital inner possession has delivered a compound annual funding return of 20% for shareholders. With annual income of $4.1 billion and over $50 billion in belongings beneath administration, Colliers maximizes the potential of belongings and actual belongings to speed up the success of our prospects, our traders and our folks. Be taught extra at company.colliers.com, Twitter @Colliers or LinkedIn.

Firm Contact:

Ilyas Mulmuttili
co-chief funding officer
(416) 960-9500

Kevin L. Honey, PE
President and CEO | colliers engineering and design
(732) 383-1950



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