Colliers Enhances Engineering Services with Strategic Acquisition
Colliers Strengthens Engineering Platform with GWAL Acquisition
Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), has made a significant move to enhance its engineering services in Canada. The company announced the acquisition of Goodkey, Weedmark & Associates Limited (GWAL), a prominent building engineering consulting firm based in Ontario. This strategic acquisition aims to fortify Colliers’ engineering platform, Englobe Corporation, and extend its operational capabilities in one of Canada’s largest markets.
Expanding Horizons in Engineering
This acquisition marks a notable milestone for Englobe, further solidifying its standing in Ontario's engineering consulting landscape. Established in 1956, GWAL brings to the table a proficient team of 100 engineers specializing in mechanical and electrical consulting services, catering to a diverse clientele that spans both public and private sectors. Their expertise is particularly notable in the National Capital region and the Ottawa Valley, areas known for significant infrastructure demands.
A Strengthened Canadian Market Presence
The leadership at Colliers is excited about the synergies this acquisition produces. Elias Mulamoottil, Co-Chief Investment Officer of Colliers, remarked, “This transaction reinforces our commitment to enhancing our presence in Ontario’s engineering consulting market.” His enthusiasm reflects a broader strategic priority: to attract best-in-class firms and bolster the current capabilities of Englobe. GWAL’s leadership team will not only integrate into Colliers but will also become shareholders, thanks to Colliers’ innovative partnership model.
Advantages of the Acquisition
For Mike Cormier, President of Englobe, this merger is a pivotal step in expanding their offerings. “Welcoming GWAL into the Colliers family amplifies our ability to deliver quality services to even more clients throughout Ontario and nationwide,” he stated, highlighting the collective goal to provide innovative solutions to emerging challenges in the engineering sector.
Strategic Growth and Opportunities
The Principal of GWAL, Frank Bann, shared his anticipation by stating, “The strategic benefits—from an enhanced suite of expertise to increased career and equity ownership opportunities for our team—made this partnership a logical step forward.” With this merger, both companies aim to leverage Colliers’ substantial resources and global influence to boost growth trajectories in a competitive marketplace.
Looking Ahead
Colliers continues to showcase its commitment to growth through strategic acquisitions. With annual revenues exceeding $4.4 billion and more than 22,000 professionals across 68 countries, the firm’s enterprising culture and significant ownership structure have already begun contributing to substantial financial returns for its shareholders.
Colliers Contacts
Elias Mulamoottil
Co-Chief Investment Officer
(416) 960-9500
Mike Cormier
President | Englobe
(514) 281-5151
Frequently Asked Questions
What is the recent acquisition by Colliers?
Colliers has acquired Goodkey, Weedmark & Associates Limited to enhance its engineering services in Canada.
How does this acquisition benefit Colliers?
This acquisition strengthens Colliers’ presence in Ontario, expanding its engineering capabilities and service offerings.
What expertise does GWAL bring to Colliers?
GWAL contributes 100 professionals skilled in mechanical and electrical engineering consulting services.
Who are the key people at Colliers involved in this acquisition?
Elias Mulamoottil as Co-Chief Investment Officer and Mike Cormier as President of Englobe are prominently involved.
What is Colliers’ business model?
Colliers focuses on diversified professional services and investment management, operating under a unique partnership model.
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