Colliers continues to enhance engineering offering in Canada
- Acquisition of Herold Engineering adds 75 skilled professionals to Englobe's workforce
- Expansion of geographic footprint and service capabilities in British Columbia
- Strategic alignment with recent Higher Ground acquisition strengthens Western Canada presence
- Retention of Herold's leadership team ensures operational continuity
- None.
Insights
Colliers expands Canadian engineering footprint through strategic acquisition, strengthening western presence with complementary capabilities.
This acquisition of Herold Engineering represents a strategic expansion of Colliers' engineering capabilities in Western Canada, specifically British Columbia. With 75 professionals joining from Herold, this transaction enhances Englobe's service capabilities in the region while expanding Colliers' geographic footprint.
The deal follows Colliers' recent acquisition of Higher Ground in Western Canada, revealing a deliberate regional growth strategy to become a leading player in the area. This pattern of targeted acquisitions shows Colliers is methodically building scale in the engineering consulting market across Canada.
Particularly noteworthy is Colliers' retention of Herold's leadership team as Englobe shareholders, utilizing their partnership ownership model that aligns incentives and typically helps retain key talent. This approach has proven effective in professional services firms where human capital is the primary asset.
The acquisition brings several strategic advantages: it diversifies Colliers' engineering portfolio with Herold's expertise in building, municipal, transportation, and marine projects; strengthens its position specifically on Vancouver Island; and creates cross-selling opportunities between Englobe's existing clients and Herold's relationships.
While financial terms weren't disclosed, this transaction appears to fit Colliers' broader strategy of making targeted acquisitions in fragmented professional services markets where they can apply their operational expertise and growth mindset to create value.
West-coast acquisition expands geographic footprint and scale
TORONTO and NANAIMO, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Colliers (NASDAQ, TSX: CIGI) announced today that its Canadian engineering platform Englobe Corporation (“Englobe”) has acquired Herold Engineering Limited (“Herold”), a leading engineering consulting firm in British Columbia. Herold’s leadership team will continue to lead these operations and become shareholders of Englobe under Colliers’ unique partnership model. Terms of the transaction were not disclosed.
Founded in 1994, Herold’s 75 professionals provide consulting services for diversified building, municipal, transportation and marine projects throughout British Columbia, predominantly on Vancouver Island.
“This investment builds on our recent acquisition of Higher Ground in Western Canada, marking an important step towards our goal of becoming one of the region’s leading players,” said Elias Mulamoottil, Co-Chief Investment Officer of Colliers. “Englobe is a differentiated business where we leverage our brand, culture, and growth mindset to solidify our position as a partner of choice in the Canadian engineering consulting market.”
“We are extremely excited to join forces with the well-respected professionals from Herold,” said Mike Cormier, President of Englobe. “This expansion provides us with enhanced design and consulting capabilities, qualifications and relationships in British Columbia, allowing us to better serve our clients across all major markets in Canada.”
“We strongly resonate with Englobe’s culture of unparalleled client experience, employee empowerment, and employee ownership, making this partnership the best next step for us,” said Lee Rowley, Managing Principal of Herold. “With Englobe and Colliers’ added capabilities, resources and relationships, we are even better positioned to service our clients, accelerate our growth and create attractive opportunities for our people.”
Colliers Contacts
Elias Mulamoottil
Co-Chief Investment Officer
(416) 960-9500
Mike Cormier
President | Englobe
(514) 281-5151
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately
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