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Colliers International Group Inc. (CIGI) is a diversified professional services and investment management company headquartered in Canada. With a global presence in more than 400 offices across 65 countries, Colliers employs approximately 18,000 individuals dedicated to delivering comprehensive real estate services and investment management to corporate and institutional clients.
The company's primary service lines include Outsourcing & Advisory, Investment Management, Leasing, and Capital Markets. Colliers operates through four distinct segments: Americas; Europe, Middle East, and Africa (EMEA); Asia and Australasia; and Investment Management. This operational structure allows Colliers to leverage regional expertise while maintaining a cohesive global strategy.
Recent achievements highlight Colliers' commitment to growth and market leadership. Notably, Sankey Prasad has expanded his leadership role to become Chairman and Managing Director for both India and the Middle East, further strengthening Colliers' presence in these key regions. Under Prasad's leadership, Colliers has diversified into new markets, developed cutting-edge technologies, and achieved significant year-over-year growth.
Financially, Colliers has demonstrated robust revenue growth, particularly in high-value recurring services. The company's annual revenues are approximately $4.3 billion, with $98 billion of assets under management. This financial strength supports Colliers' mission to maximize the potential of property and real assets, accelerating the success of clients, investors, and employees alike.
Colliers is also active in strategic acquisitions to bolster its capabilities and market reach. For example, the acquisition of key U.S. Northeast and Mid-Atlantic regions has enhanced Colliers' service offerings and client relationships in these areas.
Colliers' core values are reflected in its commitment to providing expert real estate and investment advice through a client-focused approach. The company continues to evolve in response to market trends, delivering innovative solutions that meet the diverse needs of clients worldwide.
With a strong leadership team and a clear vision for the future, Colliers remains a formidable player in the global real estate and investment management industry, consistently delivering value and driving growth for its stakeholders.
Colliers (NASDAQ, TSX: CIGI) has acquired TTM Group Pty , a Brisbane-based transportation engineering consultancy. This acquisition expands Colliers Engineering & Design Australia's capabilities in traffic and transportation across Queensland, New South Wales, and Victoria. TTM's senior leadership will become shareholders in Colliers Engineering under its partnership model. Founded in 1982, TTM employs 65 professionals across four offices, offering services in transportation and traffic engineering, specialty acoustics, data collection, and waste management. This marks Colliers' third follow-on investment in Australia's engineering consultancy market since 2022. The terms of the deal were not disclosed.
Colliers International Group Inc. (TSX & NASDAQ: CIGI) has announced that its third quarter results for the period ended September 30, 2024, will be released on November 5, 2024, at approximately 7:00am ET. The company will host a conference call to review these results on the same day at 11:00am ET.
The call will be led by Jay S. Hennick (Global Chairman & CEO), Chris McLernon (CEO, Real Estate Services), and Christian Mayer (CFO). Interested parties can join the call using the following phone numbers: Local – Toronto 1-289-819-1520 and Toll Free – NA 1-800-549-8228, with conference ID 21704. A webcast of the call will also be available on the company's website at corporate.colliers.com/en in the "Events" section, with a replay option for those unable to attend the live call.
Colliers (NASDAQ, TSX: CIGI) announced that its Canadian engineering platform, Englobe , has acquired Goodkey, Weedmark & Associates (GWAL), a leading building engineering consulting firm in Ontario. This acquisition enhances Englobe's scale and service capabilities in Canada's largest market. GWAL's leadership team will become shareholders of Englobe under Colliers' partnership model.
GWAL, founded in 1956, has 100 professionals providing mechanical and electrical engineering consulting services to public and private clients throughout Ontario, focusing on the National Capital and Ottawa Valley regions. This acquisition is Englobe's first follow-on investment since establishing its partnership with Colliers earlier this year. The move aims to bolster Colliers' presence in Ontario's engineering consulting market.
The acquisition will allow Englobe to better serve clients in Ontario and across Canada by deepening its capabilities and qualifications. GWAL will be fully integrated into Englobe's operations and will rebrand as Colliers in the future.
Colliers International Group Inc. (TSX, NASDAQ: CIGI) has extended its management services agreement with Global Chairman and CEO Jay S. Hennick until January 1, 2029. Under Hennick's leadership since 2004, Colliers has expanded globally, diversified its business, and increased recurring earnings to 70%. The company's market capitalization has grown from US$1.5 billion in 2015 to US$6.1 billion as of December 31, 2023.
A new performance-based long-term incentive plan has been created, granting Hennick 428,174 cash-settled performance units. These units are subject to market capitalization-based growth targets, with full vesting occurring if Colliers reaches a market cap of approximately US$12.3 billion by January 1, 2029. The plan aims to align Hennick's compensation with shareholder value creation and does not involve share dilution.
Lingerfelt and Colliers have announced a full-building lease with Shepherd Electric Supply at Ashton Logistics Park in South Chesterfield, VA. The 85,750 square-foot lease in Building 2 brings the two-building, 523,407 square-foot Class-A industrial park to 100% occupancy. This milestone also marks 100% occupancy of Lingerfelt's 1.8 million-square-foot, seven-building industrial portfolio in the Ashton Creek node of Chesterfield County.
The speculative development project, delivered in Q1 2024, was initially 84% pre-leased during construction. Shepherd Electric Supply, founded in 1892 and now a subsidiary of Graybar, is the oldest wholesale electrical distributor in the Mid-Atlantic region. The lease highlights Lingerfelt's focus on delivering premier, user-ready industrial space in logistically exceptional locations.
Lingerfelt and Colliers have announced a 106,376 square-foot lease with PECO Pallet at Port 801 in Colonial Heights, VA, bringing the building to 100% occupancy. This new facility will serve as PECO's primary location for the greater Richmond area, extending to Fairfax, Norfolk, and West Virginia. The state-of-the-art warehouse, completed in Q4 2022, aligns with PECO's sustainability goals and allows for the deployment of automated sorting equipment to enhance safety and operational efficiency.
PECO Pallet, one of North America's largest rental pallet service providers, operates a network of 90 pallet depots managing over 20 million pallets. This expansion reflects the company's growth and commitment to providing superior pallet pooling services while emphasizing sustainability in the supply chain industry.
Colliers (NASDAQ, TSX: CIGI) has announced that its Engineering & Design Australia division will acquire Pritchard Francis Consulting, a leading Western Australian multi-discipline engineering consulting firm. This strategic move expands Colliers' geographic presence, scale, and service capabilities in Australia. Key points:
- Pritchard Francis, founded in 1977, has 125 professionals providing civil and structural engineering services
- The acquisition aligns with Colliers' goal to become a premier engineering consulting firm in Australia
- Pritchard Francis will rebrand as 'Colliers Engineering & Design' and integrate into Colliers' operations
- Senior leadership of Pritchard Francis will continue to lead the business and become shareholders in Colliers Engineering
The transaction is expected to close by the end of 2024, subject to customary conditions. Financial terms were not disclosed.
Colliers International Group Inc. (NASDAQ and TSX: CIGI) reported solid second quarter results for the period ended June 30, 2024. The company saw growth across all service lines and segments, with revenues reaching $1.14 billion, up 6% from the previous year. Adjusted EBITDA increased by 6% to $155.6 million, while Adjusted EPS stood at $1.36. GAAP operating earnings rose significantly to $114.7 million, with diluted net earnings per share at $0.73.
The company maintained its financial outlook for the year, citing solid performance in Leasing revenues and modest growth in Capital Markets. Colliers also completed the acquisition of Englobe, expanding its high-value recurring revenue streams, which now represent 72% of earnings.
Colliers (NASDAQ, TSX: CIGI) has successfully completed its acquisition of a controlling interest in Englobe , a prominent Canadian engineering, environmental, and inspection services firm. This strategic move marks Colliers' entry into the Canadian engineering market and significantly enhances its capabilities in its growing Engineering division.
The acquisition, previously announced and now finalized, aligns with Colliers' strategy to diversify its professional services and investment management portfolio. By integrating Englobe's multi-discipline expertise, Colliers is poised to strengthen its position in the engineering sector and expand its service offerings in Canada.
Colliers International Group (TSX & NASDAQ: CIGI) announced its Q2 2024 results will be released on August 1, 2024, at 7:00am ET. A conference call to discuss the results will occur the same day at 11:00am ET, hosted by key executives including Global Chairman & CEO Jay S. Hennick. The call can be accessed via phone or webcast, with rebroadcasts available for 30 days following the event. Details for participation and access are provided on their corporate website.
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