Colliers Expands Its Engineering Offerings
Colliers, a leading global professional services and investment management company, has made a significant move in the Canadian market by acquiring LRL Associates Ltd., known for its multidisciplinary engineering consulting services. This merger is a strategic addition to Colliers’ Canadian engineering platform, Englobe Corporation, and represents a crucial step in strengthening their presence in Ontario and New Brunswick.
Englobe Welcomes LRL
LRL, with a dedicated team of 50 professionals specializing in various engineering disciplines, has built a reputation since its establishment in 1984. The firm is known for its expertise in mechanical, electrical, civil, structural, environmental, and geotechnical engineering consulting, which caters to both public and private sectors. With this acquisition, Englobe aims to bolster its capabilities and better serve a diverse clientele across the region.
Impact of the Acquisition on Colliers
Elias Mulamoottil, Chief Investment Officer at Colliers, expressed enthusiasm about the acquisition, stating that it represents a significant enhancement of their scale and services in Canada’s most vital market. The partnership aims to leverage Englobe's unique approach and company culture to attract high-quality firms and talent, which is crucial for long-term growth.
Synergizing Expertise for Greater Client Outcomes
Mike Cormier, President of Englobe, highlighted that LRL’s team will introduce new flexible, turnkey solutions to Englobe’s existing operations. This integration is expected to deepen Englobe's expertise while improving the quality of service provided to clients. The collaborative approach aims to create a value-driven experience for clients by combining resources and knowledge.
A Shared Vision for Client Services
Christian Robichaud, President of LRL, noted that the cultural alignment between LRL and Englobe is a foundation for this partnership. Both organizations share a commitment to client service excellence and fostering a rewarding employee experience. The merger is seen as a natural progression, allowing both firms to amplify their market reach and elevate the service standards.
Colliers' Commitment to Growth
With a robust business model that includes Engineering among its three leading platforms alongside Real Estate Services and Investment Management, Colliers is poised for continued success. The firm has a track record of delivering approximately 20% compound annual returns for its shareholders and boasts significant annual revenues exceeding $5 billion. With over 24,000 professionals worldwide, Colliers is committed to accelerating the success of clients and investors alike
Colliers Contacts
Should you require further information or wish to discuss this acquisition in detail, please reach out to:
Elias Mulamoottil
Chief Investment Officer
(416) 960-9500
Mike Cormier
President | Englobe
(514) 281-5151
Frequently Asked Questions
What is the significance of Colliers acquiring LRL Associates?
The acquisition enhances Englobe's engineering capabilities and reinforces Colliers' market presence in Canada.
Who will be leading LRL after the acquisition?
The management team of LRL will become shareholders of Englobe, ensuring continuity in leadership and services.
What specific services does LRL offer?
LRL provides mechanical, electrical, civil, structural, environmental, and geotechnical engineering consulting services.
How does this acquisition align with Colliers' growth strategy?
It complements Colliers' commitment to scaling its operations through strategic partnerships and enhances its service offerings.
What is Colliers' overall business model?
Colliers operates through three platforms: Real Estate Services, Engineering, and Investment Management, which drive growth and value for its stakeholders.
