Colliers partners with award-winning engineering, architecture, and design services firm
September 21 2021 - 8:30AM
Leading global professional services and investment management
firm, Colliers (NASDAQ and TSX: CIGI), today announced its Colliers
Engineering & Design (“CED”) operating unit has entered into an
agreement to partner with Bergmann, an award-winning engineering,
architecture, and design services firm located in the U.S.
Northeast, Midwest and Mid-Atlantic regions. This new partnership
adds scale to CED’s existing service offerings and expands its
geographic footprint. The Bergmann senior leadership will continue
to oversee operations and will become significant shareholders in
the combined business under Colliers’ unique partnership model. The
transaction is expected to close by the fourth quarter of this
year, subject to customary closing conditions. Terms of the
transaction were not disclosed.
Founded in 1980 and headquartered in Rochester, New York,
Bergmann’s more than 450 professionals operate from 14 offices
across 5 states, who play a critical role in rebuilding,
redesigning and reimagining aging infrastructure assets for clients
in a variety of important end markets including, transportation,
commercial & buildings, municipal, and geo-environmental. The
company is expected to generate annual revenues of approximately
$92 million in the current year.
“We became an important player in the engineering, design and
consulting sector with the establishment of CED (ranked #109 in
ENR’s Top 500) last year. This new partnership with Bergmann is the
next step in our strategy to build further scale, increase
capabilities, and expand our geographic footprint in the U.S. and
beyond,” said Jay Hennick, Global Chairman and Chief Executive
Officer of Colliers.
“Bergmann’s long and impressive history of serving clients in
multiple real estate and infrastructure markets, in partnership
with the professionals that make it happen day to day, made it a
perfect fit with Colliers,” said Elias Mulamoottil, Head, Strategic
Investments | Global of Colliers. “With the expected push to
reimagine, rebuild and upgrade aging infrastructure in the U.S.,
this new partnership strengthens our service offerings and
geographic footprint while helping clients achieve their
objectives.”
“Our partnership with Colliers Engineering & Design is the
natural next step for our business,” said Pietro V. Giovenco, PE,
Bergmann President and CEO. “Colliers’ enterprising culture,
decentralized management style, significant insider ownership, and
history of success were important factors in choosing a strategic
partner that will allow us to take our business to the next level
of growth.”
“The addition of Bergmann’s building design capabilities,
including architectural and MEP disciplines, rounds out our service
offerings. Bergmann will provide us with specialized market
knowledge, deep client relationships, and exposure to new regions
that complement our existing presence and accelerate our growth,”
said Kevin L. Haney, PE, Colliers Engineering and Design CEO. “Our
entire team is excited to welcome our new colleagues to the
Colliers family.”
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified
professional services and investment management company. With
operations in 66 countries, our more than 15,000 enterprising
professionals work collaboratively to provide expert advice to real
estate occupiers, owners and investors. For more than 25 years, our
experienced leadership with significant insider ownership has
delivered compound annual investment returns of almost 20% for
shareholders. With annualized revenues of $3.3 billion ($3.6
billion including affiliates) and $45 billion of assets under
management, we maximize the potential of property and accelerate
the success of our clients and our people. Learn more at
corporate.colliers.com, Twitter @Colliers or LinkedIn.
Colliers ContactElias MulamoottilHead,
Strategic Investments | Global(416) 960-9500
Colliers Engineering and Design Contact Kevin
L. Haney, PEPresident and CEO | Colliers Engineering &
Design(732) 383-1950
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