ENGINEERING TECH,CONSTRUCTION

Colliers acquires leading Australian engineering services firm

Colliers | August 08, 2022 | Read time : 02:07 min

Colliers acquire news
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.

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.

Spotlight

Engineers Australia is calling on the federal government to lead the way with key policy decisions to promote Australian economic prosperity over the next 10 years, and set expectations for the states to follow. The Productivity Commission’s Discussion Paper ‘Increasing Australia’s Future Prosperity’ notes that multi-factor productivity in Australia has stalled since 2004, and indicates that incentives to invest for the future are weak.

Spotlight

Engineers Australia is calling on the federal government to lead the way with key policy decisions to promote Australian economic prosperity over the next 10 years, and set expectations for the states to follow. The Productivity Commission’s Discussion Paper ‘Increasing Australia’s Future Prosperity’ notes that multi-factor productivity in Australia has stalled since 2004, and indicates that incentives to invest for the future are weak.

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