Colliers acquires California-based transit engineering and program management firm

Rhea-AI Summary

Colliers (NASDAQ, TSX: CIGI) announced that Colliers Engineering U.S. acquired Ramos Consulting Services, a California transit program management, construction management, and engineering firm, on Feb. 4, 2026. Ramos CS brings 50 professionals and experience supporting more than $20 billion in capital programs.

Under Colliers' partnership model, Ramos CS senior leaders will continue to run the California transit business and become significant shareholders in Colliers Engineering; transaction terms were not disclosed.

Positive

• Enhances U.S. transit capabilities in a top infrastructure market
• Adds 50 professionals with specialized transit and program management expertise
• $20 billion of supported capital programs experience bolsters project credibility
• Leadership continuity with Ramos senior team remaining and taking equity positions

Negative

• Terms of the transaction were not disclosed, leaving financial impact unclear

News Market Reaction

+4.89% 5.4x vol

12 alerts

+4.89% News Effect

+$323M Valuation Impact

$6.92B Market Cap

5.4x Rel. Volume

On the day this news was published, CIGI gained 4.89%, reflecting a moderate positive market reaction. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $323M to the company's valuation, bringing the market cap to $6.92B at that time. Trading volume was exceptionally heavy at 5.4x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Capital programs supported: $20 billion Ramos CS professionals: 50 professionals Ramos CS founding year: 2008

3 metrics

Capital programs supported $20 billion Capital programs Ramos CS professionals have supported across transit and public works

Ramos CS professionals 50 professionals Staff at Ramos Consulting Services at time of acquisition

Ramos CS founding year 2008 Year Ramos Consulting Services was founded

Market Reality Check

Price: $139.72 Vol: Volume 666,078 is about 3...

high vol

$139.72 Last Close

Volume Volume 666,078 is about 3.49x the 20-day average of 191,009, indicating elevated trading activity. high

Technical Price at 128.34 is trading below the 200-day MA of 143.82 and is 25.17% under the 52-week high.

Peers on Argus

CIGI fell 5.9% while key peers showed mixed moves: FSV up 0.6%, OPEN up 5.75%, C...

1 Up

CIGI fell 5.9% while key peers showed mixed moves: FSV up 0.6%, OPEN up 5.75%, COMP down 1.93%, NMRK down 6.22%, CWK down 5.8%. Only one peer in the momentum scan, suggesting a stock-specific move.

Previous Acquisition Reports

5 past events · Latest: Jul 30 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jul 30	Investment stake acquisition	Positive	-0.6%	Harrison Street bought 60% of RoundShield to expand European credit platform.
Jul 25	Advisory firm acquisition	Positive	+0.5%	Controlling interest in Astris Finance to grow infrastructure banking.
Jun 05	Real estate platform deal	Positive	+0.7%	Completed Triovest acquisition strengthening Canadian commercial platform.
Apr 15	Major Canadian acquisition	Positive	-0.2%	Announced Triovest acquisition to create Canada’s largest CRE firm.
Sep 03	Engineering firm acquisition	Positive	-2.4%	Acquisition of Pritchard Francis to expand Australian engineering presence.

Pattern Detected

Acquisition announcements for CIGI have often seen modest, mixed price reactions, with more divergence (negative moves on seemingly strategic deals) than alignment.

Recent Company History

Over the past two years, Colliers has frequently used acquisitions to expand its platforms and geography. Deals included a 60% stake in RoundShield Partners with $5.4 billion AUM, the Triovest acquisition that lifted Canadian headcount above 3,000 professionals, and multiple engineering and consulting additions. These announcements, while strategic, typically produced small share-price moves around ±1%. Today’s acquisition of a California transit-focused firm fits this ongoing expansion pattern in infrastructure and engineering services.

Historical Comparison

acquisition

-0.4 %

Average Historical Move

Historical Analysis

In the past year, Colliers logged 5 acquisition-tagged announcements with an average move of -0.41%. Today’s California transit deal continues this pattern of modest, often muted reactions.

Typical Pattern

Acquisitions have progressively broadened Colliers’ reach: from Australian engineering, to Canadian Triovest scale, to European credit via RoundShield and infrastructure banking with Astris.

Market Pulse Summary

This announcement adds another acquisition to Colliers’ multi-year expansion of its engineering and ...

Analysis

This announcement adds another acquisition to Colliers’ multi-year expansion of its engineering and infrastructure platform, bringing in 50 professionals and experience across over $20 billion of capital programs. It complements prior deals in Canadian real estate services, European credit, and infrastructure advisory. Investors may track how these bolt-on deals contribute to scale, margins, and regional diversification, while also watching upcoming earnings and regulatory filings for more detail on integration progress and financial impact.

Key Terms

broker-dealer, registered broker-dealer

2 terms

broker-dealer financial

"AEC Advisors, through its registered broker-dealer affiliate AEC Transaction Services"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

registered broker-dealer regulatory

"AEC Advisors, through its registered broker-dealer affiliate AEC Transaction Services"

A registered broker-dealer is a firm licensed by regulators to legally buy and sell stocks, bonds and other securities for clients or on its own account; think of it as a regulated marketplace intermediary or licensed shop for investments. It matters to investors because registration brings required oversight, record-keeping and customer protections that reduce fraud risk, provide access to public markets and ensure trades follow rules for fairness and transparency.

AI-generated analysis. Not financial advice.

Bolsters U.S. public transportation capabilities and deepens presence in a top infrastructure market

TORONTO and PASADENA, Calif., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that the U.S. division of its Engineering segment (“Colliers Engineering”) has acquired Ramos Consulting Services, Inc. (“Ramos CS”), a California-based provider of program management, construction management, and engineering services for major public transit projects. The addition of Ramos CS enhances Colliers Engineering’s capabilities in one of the most active transit markets in the United States. Under Colliers’ unique partnership model, Ramos CS’ senior leadership team will continue to lead the transit business in California and become significant shareholders in Colliers Engineering. Terms of the transaction were not disclosed. 

Founded in 2008, Ramos CS has become a trusted advisor to public transportation agencies across California. The firm’s 50 professionals have supported more than $20 billion in capital programs spanning transit, transportation, and public works.

“Ramos’ reputation in the California transportation sector is exceptional,” said Kevin L. Haney, PE, President & CEO, Colliers Engineering & Design Ӏ U.S. “Their deep project experience and longstanding relationships will meaningfully strengthen our growing infrastructure capabilities. We are thrilled to welcome their talented team to Colliers.”

“Joining Colliers represents an exciting and strengthened new chapter for our people and our clients,” said Armando Ramos, PE, President & CEO, Ramos CS. “Colliers’ commitment to technical excellence, culture, and client service aligns seamlessly with how we’ve built our business. Together, we will continue to take on larger, more complex projects and offer broader solutions to our clients.”

AEC Advisors, through its registered broker-dealer affiliate AEC Transaction Services LLC, was the exclusive financial advisor to Ramos CS.

Company Contacts:
Elias Mulamoottil
Chief Investment Officer 
(416) 960-9500

Kevin L. Haney, PE
President and CEO, Colliers Engineering & Design | U.S.
(732) 383-1950

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 20% compound annual returns for shareholders, fuelled by visionary leadership, significant inside ownership and substantial recurring earnings. With $5.5 billion in annual revenues, a team of 24,000 professionals, and $108 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.

FAQ

What did Colliers (CIGI) announce about the Ramos CS acquisition on Feb. 4, 2026?

Colliers acquired Ramos Consulting Services to strengthen U.S. transit capabilities, effective Feb. 4, 2026. According to the company, Ramos CS adds 50 professionals and experience supporting over $20 billion in capital programs, and its senior leaders will remain and take equity roles.

How many employees and project experience did Ramos CS bring to Colliers (CIGI)?

Ramos CS contributed a team of 50 professionals and extensive project experience. According to the company, the firm has supported more than $20 billion in capital programs across transit, transportation, and public works in California.

Will Ramos CS leadership remain after the Colliers (CIGI) acquisition and what is their role?

Yes. Ramos CS senior leadership will continue to lead the California transit business and become significant shareholders. According to the company, this maintains operational continuity and aligns management with Colliers Engineering's partnership model.

Did Colliers (CIGI) disclose financial terms for the Ramos CS acquisition?

No, Colliers did not disclose transaction terms for the Ramos CS acquisition. According to the company, the deal structure includes equity for Ramos leadership, but the specific financial details were not released.