Colliers adds top-tier engineering firm
May 02 2023 - 12:00AM
Global diversified professional services and investment management
company, Colliers (NASDAQ, TSX: CIGI), announced today that
Colliers Engineering & Design Australia (“CED”) has acquired
Craig & Rhodes Pty Limited (“Craig & Rhodes”), a leading
multi-discipline engineering, design and survey firm in New South
Wales. The addition will strengthen CED’s overall scale and
capabilities in fast growing Sydney, Australia’s largest market.
Craig & Rhodes’ senior leadership team will become significant
shareholders in the CED platform under Colliers’ unique partnership
model. The business will rebrand as “Colliers Engineering &
Design” and fully integrate into the rapidly expanding CED
operations. Terms of the transaction were not disclosed.
Founded in 1923, Craig & Rhodes’ 120
professionals operate from four offices across New South Wales.
They provide civil and structural engineering design, surveying,
planning, project management, water and wastewater design, and land
development advisory predominantly to residential projects and
mixed commercial developments.
“This acquisition is our first follow-on investment
in CED since entering the engineering services market in Australia
last year,” said John Kenny, CEO Colliers Asia Pacific. “The senior
leadership of Craig & Rhodes were attracted to our unique
partnership model, enterprising culture and long-term growth
aspirations. Our approach continues to differentiate Colliers and
attract best-in-class firms to our platform.”
“The expansion of CED deepens our capabilities,
qualifications and relationships in the greater Sydney market,
allowing us to better serve our clients in New South Wales and
across the country,” said Brent Thomas, Managing Director of
Colliers Engineering & Design Australia. “With an impressive
history and track record, we are delighted to have such a talented
group of professionals join the Colliers family.”
“By joining Colliers, we can better serve our
clients with additional resources and capabilities while providing
greater career opportunities for our people,” said Andrew
Halmarick, CEO, Craig & Rhodes, who will lead CED’s New South
Wales operations. “We are extremely excited to be partnering with a
globally respected firm and international platform that will
accelerate our growth and allow us to successfully deliver some of
the largest and most complex projects.”
About ColliersColliers is a
leading diversified professional services and investment management
company. With operations in 65 countries, our 18,000 enterprising
professionals work collaboratively to provide expert real estate
and investment advice to clients. For more than 28 years, our
experienced leadership with significant inside ownership has
delivered compound annual investment returns of approximately 20%
for shareholders. With annual revenues of $4.5 billion and $98
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.
Colliers ContactsJohn KennyChief Executive
Officer | Asia Pacific+61 2 9257 0222
Brent ThomasManaging Director | Colliers Engineering &
Design Australia+61 3 9562 7424
Craig & Rhodes ContactAndrew HalmarickChief
Executive Officer+02 8752 9204
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