Colliers | August 08, 2022
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, 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.”
-Elias Mulamoottil, Co-Chief Investment Officer of Colliers.
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, 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.”
-Brent Thomas, Co-Founder and Managing Director of PEAKURBAN.
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.
Saulsbury Industries | August 05, 2022
Saulsbury Industries, a full-service engineering, procurement, and construction (EPC) company, recently opened an engineering and operations hub in Houston, Texas.
This location will support multiple Saulsbury business lines, including oil and gas, tanks/terminals, hydrocarbon processing, refining, renewables, and chemicals. Saulsbury, with over 55 years of experience, is a trusted provider of full EPC and construction-only solutions, as well as service offerings for stand-alone E&I and field services work.
"We are very excited to be opening our Houston office, This decision reflects our commitment to both the city and the broader Gulf Coast region. Our Houston office will enhance our ability to reach new clients as well as employees as Saulsbury continues to expand our engineering and operations across a broad spectrum of industries."
-Chat York, Saulsbury's President and Chief Executive Officer.
Saulsbury will also offer supporting services for front-end engineering, AFE estimating and scoping support, as well as general maintenance and facility upgrade services. The company will use this location to expand its repeat-business model with clients through hands-on leadership, successful project results, and an industry-leading safety program.
"This is the next step in our build-out plan for the Gulf Coast region, Our client base has significantly expanded in the area, and we are looking forward to continued growth as we expand the Saulsbury footprint. Houston has long been a tremendous recruiting ground, with a deep base of skilled engineers, technical experts, and experienced construction talent. Saulsbury is looking forward to establishing an even stronger presence in the Houston area, working with our clients to execute projects safely and at the highest level."
-Jimmy Matthews, Saulsbury's Chief Operating Officer.
About Saulsbury Industries:
Saulsbury Industries is a full-service engineering, procurement, fabrication, and construction company that specializes in building the infrastructure necessary to fuel the future. Saulsbury serves its clients in heavy industrial and renewables markets by designing and building safe, well executed, capital-efficient projects nationwide. Headquartered in Odessa, Texas, the company's national office footprint includes Houston, Port Arthur, Henderson, Abilene, Pecos, and Corpus Christi, TX; Carlsbad, NM; Tulsa, OK; and Bismarck, ND.
CivilGrid | July 22, 2022
San Francisco-based startup CivilGrid is modernizing infrastructure planning with a data sharing platform unprecedented in scale and security. In the last 15 months, CivilGrid's $2.2M pre-seed fundraise propelled hiring, product development, and data acquisition initiatives, which have led to new collaborations with infrastructure owners across California.
Pacific Gas and Electric Company (PG&E), a combined gas and electric utility serving more than 16 million customers across Northern and Central California, is working with CivilGrid to share gas and electric asset locations with companies planning projects across PG&E's entire service area.
Underground data is critical, yet difficult to obtain in predictable formats or time frames. The US construction industry loses $30B each year due to utility line strikes, despite widespread use of locate and mark services. Project costs increase quickly when unexpected site conditions occur. Founder Josh Mackanic spent 14 years in the utility and construction industry navigating problems caused by gaps in built environment data. Recognizing an opportunity to improve safety and efficiency, he launched CivilGrid in 2020 as a reliable source of site intelligence for engineering and construction personnel.
CivilGrid offers a comprehensive map interface with utility locations, site hazards, geotechnical conditions, land rights, and permit constraints. The platform also identifies project conflicts or coordination opportunities by comparing work plans across infrastructure operators. Through CivilGrid, engineers, planners and project managers accelerate site evaluation, reduce dig-in risk, and optimize multiyear project portfolio plans.
CivilGrid users are planning and coordinating projects more efficiently, resulting in dramatic cost savings. One team at a telecommunications engineering services firm is reducing data acquisition and processing costs by 90% and reducing lead times from months to minutes.
San Jose Water, an investor-owned public water utility serving 1 million people in the greater San Jose area, now references CivilGrid during interagency coordination meetings to improve work sequencing in the public ROW. It is immensely useful to have the GIS layers of multiple municipalities/utilities on a GIS map all at once, explains an engineer from San Jose Water. CEO and Founder Josh Mackanic adds, CivilGrid is improving how infrastructure projects are developed, and these projects are the lifeblood of our local economies. These improvements benefit an entire ecosystem of stakeholders, from project engineers to local businesses.