Colliers connects main regional engineering and design agency

TORONTO AND SAN ANTONIO, March 10, 2022 (Globe Newswire) — Main international skilled companies and funding administration agency Colliers (NASDAQ and TSX: CIGI) right now introduced that its Colliers Engineering & Design (“CED”) enterprise unit has acquired KFW. Engineers acquired. & Surveying (“KFW”), a San Antonio-based civil engineering, design and surveying agency. Moreover, CED’s present scale and capabilities in Texas and the Southwest will likely be enhanced. KFW’s operations will likely be rebranded by the fourth quarter of 2022 and will likely be totally built-in into CED’s present Texas operations. Below Colliers’ distinctive partnership mannequin, KFW’s senior management group has turn into a big shareholder within the general CED platform and can lead its progress in quickly rising Texas. market. Phrases of the transaction weren’t disclosed.

Based in 2006, KFW’s greater than 100 engineers, licensed surveyors, and different professionals help fast inhabitants progress and associated growth in southern Texas, together with residence development, faculty methods, civil engineering, environmental, and survey companies. Together with providing built-in land growth. and different industrial actual property builders.

“Partnering with proficient professionals at KfW is the most recent in CED’s nationwide progress ambitions, following a document yr of progress in 2021,” stated Ilyas Mulmuttil, Co-Chief Funding Officer, Colliers. “Colliers continues to draw best-in-class corporations that worth our distinctive partnership mannequin and long-term progress horizon, and who aspire to thrive inside a top quality, entrepreneurial company tradition.”

Kevin Haney, CED’s President and CEO, stated, “KfW professionals have deep Texas roots and can present us with specialised market information, robust buyer relationships and a greater presence on this essential and high-growth market.” “By means of KFW, we’re completely positioned to capitalize on the Texas inhabitants increase, and we’re thrilled to welcome their group to the Colliers household.”

Steven Kruskoff, co-founder and managing companion of KfW, stated, “Becoming a member of a big, multidisciplinary engineering and design agency that shares our entrepreneurial tradition and concentrate on service excellence was the logical subsequent step for us ” KfW Co-Founder and Managing Accomplice George Verron stated, “Texas has super progress alternatives, and we’re excited to tackle a management position as we leverage CED’s scale and capabilities to drive our progress and success. decide up.”

In reference to this transaction, AEC Advisors acted as monetary advisor to KfW.

Colliers. about

Colliers (NASDAQ, TSX: CIGI) is a number one diversified skilled companies and funding administration firm. With operations in 62 nations, our 17,000 entrepreneurial professionals work collaboratively to offer skilled actual property and funding recommendation to purchasers. For greater than 27 years, our skilled management with vital inner possession has delivered a compound annual funding return of 20% for shareholders. With annual income of $4.1 billion and over $50 billion in property underneath administration, Colliers maximizes the potential of property and actual property to speed up the success of our clients, our buyers and our folks. Be taught extra at, Twitter @Colliers or LinkedIn.

Firm Contact:

Ilyas Mulmuttili
co-chief funding officer
(416) 960-9500

Kevin L. Honey, PE
President and CEO | colliers engineering and design
(732) 383-1950

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