Colliers partners with leading architecture firm
Colliers Engineering & Design has partnered with MG2 , a Seattle-based architecture and strategic planning firm. The partnership expands Colliers' presence in the U.S. Northwest and enhances its architectural capabilities. Founded in 1971, MG2 brings over 400 professionals across seven offices, specializing in retail, industrial, mixed-use, residential, food and beverage, and hospitality sectors. Under Colliers' partnership model, MG2's senior leadership will become significant shareholders in the combined business. The integration creates a national platform with over 3,000 employees across the U.S., offering enhanced consulting and design capabilities in every major region.
Colliers Engineering & Design ha stretto una partnership con MG2, un'azienda di architettura e pianificazione strategica con sede a Seattle. Questa collaborazione espande la presenza di Colliers nel Nord Ovest degli Stati Uniti e potenzia le sue capacità architettoniche. Fondata nel 1971, MG2 conta oltre 400 professionisti distribuiti in sette uffici, specializzandosi nei settori retail, industriale, uso misto, residenziale, alimentare e bevande, e ospitalità. Sotto il modello di partnership di Colliers, i leader senior di MG2 diventeranno importanti azionisti dell'azienda combinata. L'integrazione crea una piattaforma nazionale con oltre 3.000 dipendenti negli Stati Uniti, offrendo capacità di consulenza e design potenziate in ogni regione principale.
Colliers Engineering & Design se ha asociado con MG2, una firma de arquitectura y planificación estratégica con sede en Seattle. La asociación expande la presencia de Colliers en el Noroeste de los EE. UU. y mejora sus capacidades arquitectónicas. Fundada en 1971, MG2 cuenta con más de 400 profesionales en siete oficinas, especializados en los sectores de retail, industrial, uso mixto, residencial, alimentos y bebidas, y hospitalidad. En el modelo de asociación de Colliers, los líderes senior de MG2 se convertirán en accionistas significativos de la empresa combinada. La integración crea una plataforma nacional con más de 3.000 empleados en EE. UU., ofreciendo capacidades de consultoría y diseño mejoradas en cada región principal.
Colliers Engineering & Design는 시애틀에 본사를 둔 건축 및 전략 계획 회사인 MG2와 파트너십을 체결했습니다. 이 파트너십은 Colliers의 미국 북서부에서의 입지를 확장하고 건축 능력을 강화합니다. 1971년에 설립된 MG2는 7개 사무소에 걸쳐 400명이 넘는 전문가를 보유하고 있으며, 소매, 산업, 혼합 용도, 주거, 식음료 및 환대 분야에 전문성을 가지고 있습니다. Colliers의 파트너십 모델 하에 MG2의 고위 경영진은 결합된 사업의 주요 주주가 될 것입니다. 이번 통합은 미국 전역에서 3,000명 이상의 직원을 보유한 국가적 플랫폼을 만들어 각 주요 지역에서 향상된 컨설팅 및 디자인 능력을 제공합니다.
Colliers Engineering & Design s'est associé à MG2, une entreprise d'architecture et de planification stratégique basée à Seattle. Ce partenariat renforce la présence de Colliers dans le nord-ouest des États-Unis et améliore ses capacités architecturales. Fondée en 1971, MG2 compte plus de 400 professionnels répartis dans sept bureaux, spécialisés dans les secteurs du commerce de détail, de l'industrie, de l'usage mixte, du résidentiel, de l'alimentation et des boissons, ainsi que de l'hospitalité. Dans le cadre du modèle de partenariat de Colliers, les dirigeants seniors de MG2 deviendront des actionnaires importants de l'entreprise combinée. L'intégration crée une plateforme nationale comptant plus de 3 000 employés aux États-Unis, offrant des capacités de consultation et de design améliorées dans chaque grande région.
Colliers Engineering & Design hat sich mit MG2 zusammengetan, einer in Seattle ansässigen Architektur- und Strategieberatungsfirma. Diese Partnerschaft erweitert die Präsenz von Colliers im Nordwesten der USA und verbessert die architektonischen Fähigkeiten. Gegründet im Jahr 1971 verfügt MG2 über mehr als 400 Fachleute in sieben Büros und ist auf die Sektoren Einzelhandel, Industrie, Mischnutzung, Wohnimmobilien, Lebensmittel und Getränke sowie Gastgewerbe spezialisiert. Im Rahmen des Partnerschaftsmodells von Colliers werden die Senior-Führungskräfte von MG2 bedeutende Anteilseigner des fusionierten Unternehmens. Die Integration schafft eine nationale Plattform mit über 3.000 Mitarbeitern in den USA, die in jeder wichtigen Region verbesserte Beratungs- und Designfähigkeiten bietet.
- Strategic expansion into U.S. Northwest market
- Addition of 400 skilled professionals to workforce
- Enhanced service capabilities in architecture and strategic planning
- Geographic diversification with seven new office locations
- None.
Insights
This strategic acquisition strengthens Colliers' Engineering & Design division with 400+ professionals across seven offices, marking a significant expansion in the U.S. Northwest market. The partnership with MG2, a well-established architecture firm with over 50 years of history, diversifies Colliers' service offerings in key sectors including retail, industrial and mixed-use developments.
The deal structure follows Colliers' partnership model, where MG2's leadership becomes shareholders in the combined entity. This approach has proven successful in retaining top talent and maintaining operational continuity. With this addition, Colliers Engineering & Design now employs over 3,000 professionals nationwide, creating a comprehensive national platform that should drive cross-selling opportunities and enhance market penetration.
While financial terms weren't disclosed, the acquisition aligns with Colliers' strategy of expanding high-margin professional services. The integration of MG2's capabilities should contribute positively to Colliers' recurring revenue streams and operating margins in the engineering and design segment.
Expands national footprint and enhances architectural and strategic planning capabilities
TORONTO and SEATTLE, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Leading global diversified professional services company Colliers (NASDAQ and TSX: CIGI) today announced that Colliers Engineering & Design has finalized an agreement to partner with MG2 Corporation (“MG2”), a premier architecture, strategic planning, design, and program management firm based in Seattle, Washington. This strategic partnership significantly expands Colliers Engineering & Design’s footprint in the U.S. Northwest, strengthening existing services and positioning the company for future growth. Under Colliers' unique partnership model, MG2’s senior leadership team will become significant shareholders in the combined business and play a key role in its leadership going forward. Transaction terms were not disclosed.
Founded in 1971, MG2 employs over 400 professionals across seven offices, specializing in innovative solutions across the retail, industrial, mixed-use, residential, food and beverage, and hospitality sectors.
“MG2’s skilled professionals bring an impressive history of designing and delivering complex programs for diverse clients in the U.S.,” said Elias Mulamoottil, Co-Chief Investment Officer of Colliers. “The MG2 leadership team was drawn to our unique partnership model, entrepreneurial culture, and ambitious growth strategy - factors that continue to set us apart and attract best-in-class firms to our global platform.”
“MG2 will elevate Colliers Engineering & Design’s architectural, design and program management capabilities, creating a national platform that enhances our current services and accelerates our growth trajectory,” said Kevin L. Haney, PE, President and CEO of Colliers Engineering & Design. “With over 3,000 employees across the U.S., we now have enhanced consulting and design capabilities in every major region, allowing us to serve clients more effectively and create additional opportunities for our people.”
“Joining forces with Colliers strengthens our greatest asset - our people - empowering them to bring their boldest ideas to life while providing substantial equity opportunities for the long term,” said Mitch Smith, AIA, LEED AP, CEO and Chairman of MG2. “With the added resources of Colliers Engineering & Design, we’ll be better positioned to deliver creative, insightful solutions that will help our clients transform their businesses for the future. Colliers’ values, entrepreneurial culture, employee ownership, and proven track record made this the natural next step for MG2.”
In connection with this transaction, Matheson Financial Advisors acted as financial advisor to MG2.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading global diversified professional services company, specializing in commercial real estate services, engineering consultancy and investment management. With operations in 70 countries, our 22,000 enterprising professionals provide exceptional service and expert advice to clients. For nearly 30 years, our experienced leadership – with substantial inside ownership – has consistently delivered approximately
Company Contacts:
Elias Mulamoottil
Co-Chief Investment Officer
(416) 960-9500
Kevin L. Haney, PE
President and CEO | Colliers Engineering & Design
(732) 383-1950
FAQ
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