Colliers adds top-tier engineering firm in Ontario
Colliers (NASDAQ, TSX: CIGI) announced that Englobe Corporation, its Canadian engineering platform, has acquired BESTECH Canada Limited, a multidisciplinary engineering consulting firm based in Ontario, effective Jan. 19, 2026.
Sentiment and the balance of points
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Rhea-AI Summary
Colliers (NASDAQ, TSX: CIGI) announced that Englobe Corporation, its Canadian engineering platform, has acquired BESTECH Canada Limited, a multidisciplinary engineering consulting firm based in Ontario, effective Jan. 19, 2026. BESTECH brings over 100 professionals and capabilities in mining, automation, electrical, power systems, structural, civil, and mechanical services. BESTECH’s senior team will join Englobe leadership and become shareholders under Colliers’ partnership model. Terms of the transaction were not disclosed. Management framed the deal as expanding Englobe’s capabilities in the Canadian resources industry and bolstering Colliers’ footprint in Ontario.
Positive
- Adds over 100 professionals with mining and engineering expertise
- Strengthens Englobe’s capabilities in mining, automation, electrical, structural services
- BESTECH senior team to join leadership and become shareholders under the partnership model
- Expands Colliers’ footprint in Ontario and Canadian resources sector
Negative
- Terms of the transaction were not disclosed, limiting visibility on financial impact
- No revenue, cost, or integration timelines provided to assess near-term shareholder impact
Details
News Market Reaction – CIGI
On Jan 20, the first trading day after this news, CIGI closed 2.86% below the previous close.
Data tracked by StockTitan Argus for the Jan 20 session.
Key Figures
- BESTECH professionals
- over 100 professionals
- Engineering, automation, electrical and related services for mining clients
- BESTECH founding year
- 1995
- Year BESTECH was founded
Historical Context
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Multi-year Google Cloud partnership and multi-million-dollar cloud investment.
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Semi-annual cash dividend of US$0.15 per common share announced.
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Named World’s Best Real Estate Adviser with multiple regional awards.
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Release of 2026 Global Investor Outlook with capital flow insights.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Acquisition enhances capabilities in Canadian mining sector
TORONTO and SUDBURY, Ontario, Jan. 19, 2026 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that its Canadian engineering platform, Englobe Corporation (“Englobe”), has acquired BESTECH Canada Limited (“BESTECH”), a leading multidisciplinary engineering consulting firm in Ontario. BESTECH’s senior team will play a key role in leadership going forward and will become shareholders of Englobe under Colliers’ unique partnership model. Terms of the transaction were not disclosed.
Founded in 1995, BESTECH’s over 100 professionals provide mining, automation, electrical, power systems, structural, civil, and mechanical services to mining clients.
“This investment accomplishes two key strategic priorities of expanding our capabilities in the Canadian resources industry and bolstering our footprint in Ontario,” said Mike Cormier, President of Englobe. “BESTECH’s long history of providing innovative solutions to clients in the mining sector enhances Englobe’s expertise and qualifications in this important and growing market.”
“The ability to leverage Englobe’s capabilities and infrastructure to offer unparalleled client outcomes and employee experience made this partnership the logical next step for us,” said Marz Kord, President of BESTECH. “We are pleased to join forces with a respected, global professional services firm that shares our culture predicated on the success of our clients and better ownership and career opportunities for our people.”
Colliers Contacts
Elias Mulamoottil
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
FAQ
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