Colliers Partners with Cambium to Enhance Engineering Services
Colliers, a global leader in diversified professional services and investment management, has announced a significant collaboration within its engineering platform. Recently, its Canadian branch, Englobe Corporation, secured a deal to acquire Cambium Inc., a prominent multi-service engineering consulting firm in Ontario. This strategic move is poised to amplify Englobe’s capabilities and geographic reach, reinforcing its standing in Canada’s largest market.
Strengthening Market Position
Founded in 2006, Cambium boasts a team of 235 professionals offering diverse services, including geotechnical engineering and environmental engineering. Their expertise caters to a wide array of public and private sector clients across Ontario, particularly from the Greater Toronto Area extending to Ottawa. By integrating Cambium’s resources, Colliers aims to create a more robust engineering platform.
Strategic Investment and Growth
Elias Mulamoottil, Co-Chief Investment Officer of Colliers, mentioned, "This transaction marks our fourth follow-on investment in less than a year. Our focus remains on enhancing Englobe’s presence where Cambium is an exceptional fit." This initiative underscores Colliers' commitment to strategic growth, addressing significant market demands while attracting leading firms and professionals through their unique partnership model.
Shared Values and Cultural Alignment
Mike Cormier, President of Englobe, expressed enthusiasm about this partnership, stating, "Cambium enhances our capabilities with its entrepreneurial spirit and dedication to client service. Their five locations complement our geographical strategy, enhancing our ability to serve clients effectively." The alignment of corporate cultures emphasizes the importance of relationships and shared values as key components for success.
Future Opportunities for Growth
John Desbiens, President & CEO of Cambium, articulated the excitement surrounding this merger: "Joining a firm with shared cultural values is a significant step in our journey. This partnership will facilitate improved client service, along with increased opportunities for our team." The collaboration sets a pathway for Cambium to leverage Colliers’ expansive resources to expedite its development.
About Colliers
Colliers (NASDAQ, TSX: CIGI) represents a global force in diversified professional services and investment management. They operate through three prominent platforms: Real Estate Services, Engineering, and Investment Management. With two decades of demonstrated leadership and a commitment to delivering approximately 20% compound annual returns, Colliers exemplifies a company dedicated to value creation for their stakeholders. With nearly $5 billion in annual revenues and a team of over 23,000 professionals, Colliers actively pursues client success and growth.
Colliers Contacts
Elias Mulamoottil
Co-Chief Investment Officer
(416) 960-9500
Mike Cormier
President | Englobe
(514) 281-5151
Frequently Asked Questions
What is the purpose of the acquisition between Colliers and Cambium?
The acquisition aims to enhance Colliers' engineering capabilities and expand its geographic footprint in Canada.
What services does Cambium provide?
Cambium offers geotechnical engineering, environmental engineering, building sciences, and construction monitoring services.
How many professionals does Cambium employ?
Cambium has a dedicated team of 235 professionals serving clients across Ontario.
Who is the Co-Chief Investment Officer of Colliers?
Elias Mulamoottil serves as the Co-Chief Investment Officer at Colliers.
What is Colliers' focus in terms of business strategy?
Colliers focuses on strategic growth and enhancing its presence in key markets while delivering strong returns to its shareholders.
