Colliers acquires leading Australian engineering services firm
August 02 2022 - 7:00AM
Leading diversified professional services and investment management
company, Colliers (NASDAQ, TSX: CIGI), announced today it has
acquired a controlling interest in PEAKURBAN Pty Limited
(“PEAKURBAN”), one of the fastest growing engineering companies in
Australia. The PEAKURBAN senior leadership team will remain
significant shareholders of the business under Colliers’ unique
partnership model. The business will rebrand as “Colliers
Engineering & Design” and integrate into Colliers’ existing
Australian operations. Terms of the transaction were not disclosed.
Founded in 2016, with more than 100
professionals operating from five offices in Australia, PEAKURBAN
specializes in shaping communities with a focus on planning, due
diligence, and engineering and design services for residential and
mixed-use developments, civil infrastructure, water and wastewater,
and industrial sectors.
“Building on our continued success in the U.S.,
PEAKURBAN represents the first international acquisition for our
Colliers Engineering & Design business,” said Elias
Mulamoottil, Co-Chief Investment Officer of Colliers. “Our
differentiated approach continues to attract best-in-class firms
who value our unique partnership model and long-term growth
horizon, and who wish to thrive within our decentralised model and
enterprising culture.”
“The expansion of Colliers Engineering &
Design into Australia will complement our existing Project
Management and Strategic Advisory capability and enhance our
service offerings to unlock opportunities and accelerate growth for
our clients and people,” said John Kenny, CEO Colliers Asia
Pacific. “PEAKURBAN’s values and culture align strongly with ours
and we are delighted to welcome these talented professionals to our
organisation.”
“Joining one of the most respected professional
services organizations globally is an important step for us,” said
Brent Thomas, Co-Founder and Managing Director of PEAKURBAN. “Our
reputation for developing commercially smart and practical
engineering and planning solutions, combined with Colliers’ deep
infrastructure, enterprising culture and impressive performance
over many years, will help create the best outcomes for our clients
and people.”
In connection with this transaction, Norton Rose
Fulbright acted as legal advisor to Colliers. AEC Advisors acted as
financial advisor and HWL Ebsworth acted as legal advisor to
PEAKURBAN.
Colliers ContactsJohn KennyChief Executive
Officer | Asia Pacific+61 2 9257 0222
Elias MulamoottilCo-Chief Investment Officer | Global(416)
960-9500
PEAKURBAN ContactBrent Thomas Managing
Director+61 7 5413 5300
About Colliers
Colliers is a leading diversified professional
services and investment management company. With operations in 62
countries, our 17,000 enterprising professionals work
collaboratively to provide expert real estate and investment advice
to clients. For more than 27 years, our experienced leadership with
significant inside ownership has delivered compound annual
investment returns of 20% for shareholders. With annual revenues of
$4.3 billion and $77 billion of assets under management, Colliers
maximizes the potential of property and real assets to accelerate
the success of our clients, our investors and our people. Learn
more at corporate.colliers.com, Twitter @Colliers or
LinkedIn.
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