Colliers adds leading telecommunications engineering firm

Rhea-AI Summary

Colliers (NASDAQ, TSX: CIGI) has announced the acquisition of Terra Consulting Group, LLC, a Chicago-based telecommunications infrastructure engineering firm, through its Colliers Engineering & Design division. Founded in 1994, Terra employs 70 professionals across five Midwest offices, specializing in telecommunications engineering, land development, site acquisition, and structural design services.

This strategic acquisition enhances Colliers Engineering's Midwest presence and strengthens its telecommunications sector capabilities. The integration aims to provide more comprehensive and integrated services to clients, leveraging Terra's expertise and relationships in the telecommunications industry. Financial terms of the transaction were not disclosed.

Positive

• Expansion of telecommunications engineering capabilities in the growing telecom sector
• Geographic expansion with 5 new offices in the Midwest region
• Addition of 70 skilled employees strengthening the workforce
• Enhanced service offering through integration of Terra's specialized expertise

Negative

• Undisclosed transaction value creates uncertainty about the financial impact

Expands wireless infrastructure capabilities

TORONTO and CHICAGO, May 05, 2025 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that its Colliers Engineering & Design (“Colliers Engineering”) division has acquired Terra Consulting Group, LLC (“Terra”), a specialty telecommunications infrastructure engineering firm based in Chicago, Illinois. This acquisition strengthens Colliers Engineering’s footprint in the Midwest and positions the platform to capitalize on the rapid growth in the telecommunications sector. Terms of the transaction were not disclosed.

Founded in 1994, Terra’s 70 employees provide telecommunications engineering, land development, site acquisition and structural design services from five offices througout the Midwest region.

“Terra brings deep expertise and relationships in the telecommunications sector, bolstering our existing capabilities and allowing us to further capitalize on the rapid growth in the industry,” said Kevin L. Haney, PE, President & CEO, Colliers Engineering. “We are excited to welcome the Terra team to the Colliers family.”

“Joining Colliers Engineering & Design will allow us to offer more comprehensive and integrated services to our clients,” said John J. Zimmermann, PE, President, Terra. “Colliers’ entreprenurial culture and client service focus aligns perfectly with how we operate, and we are confident that joining forces will create many opportunities and continued success for our people.” 

Company Contacts:
Christian Mayer
Chief Financial Officer
(416) 960-9500

Kevin L. Haney, PE
President and CEO | Colliers Engineering & Design
(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 Service, 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, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With annual revenues exceeding $4.8 billion, and a team of 23,000 professionals, and $99 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 company did Colliers (CIGI) acquire in May 2025?

Colliers acquired Terra Consulting Group, LLC, a Chicago-based telecommunications infrastructure engineering firm with 70 employees and five offices throughout the Midwest region.

How many employees does Terra Consulting Group have and where are they located?

Terra Consulting Group has 70 employees and operates from five offices throughout the Midwest region, with its main base in Chicago, Illinois.

What services does Terra Consulting Group provide to Colliers?

Terra provides telecommunications engineering, land development, site acquisition, and structural design services, enhancing Colliers Engineering's capabilities in the telecommunications sector.

How will the Terra acquisition benefit Colliers (CIGI)?

The acquisition strengthens Colliers Engineering's Midwest footprint, expands its telecommunications capabilities, and positions the company to capitalize on rapid growth in the telecommunications sector.

What was the acquisition price for Terra Consulting Group?

The financial terms of the transaction were not disclosed in the announcement.