Colliers adds top-tier engineering firm in Ontario
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
Key Figures
Market Reality Check
Peers on Argus
Pre-news, CIGI was down 0.19% while peers were mixed: FSV +0.13%, OPEN +4.38%, COMP +0.86%, NMRK -0.11%, CWK +1.59%, suggesting stock-specific drivers rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 14 | Earnings timing | Neutral | -0.4% | Announcement of Q4 and full-year 2025 results release and call schedule. |
| Dec 10 | Tech partnership | Positive | +2.5% | Multi-year Google Cloud partnership and multi-million-dollar cloud investment. |
| Dec 02 | Dividend declaration | Positive | +0.1% | Semi-annual cash dividend of US$0.15 per common share announced. |
| Nov 25 | Awards & recognition | Positive | +1.1% | Named World’s Best Real Estate Adviser with multiple regional awards. |
| Nov 18 | Market outlook report | Neutral | +0.6% | Release of 2026 Global Investor Outlook with capital flow insights. |
Recent news events, mostly strategic or reputational positives and a dividend, have generally seen modest positive price reactions, with limited divergence.
Over the last few months, Colliers has highlighted several strategic and shareholder-focused developments. A semi-annual dividend of US$0.15 per share was declared with payment on January 14, 2026. The company released its 2026 Global Investor Outlook on Nov 18, 2025 and was named World’s Best Real Estate Adviser on Nov 25, 2025. A multi-year partnership with Google Cloud was announced on December 10, 2025. The current acquisition of BESTECH fits into this pattern of strategic expansion initiatives.
Market Pulse Summary
This announcement adds a mining-focused engineering platform to Colliers’ Canadian operations, bringing over 100 professionals and expanding capabilities in automation, electrical, and power systems. It follows recent strategic moves, including a Google Cloud partnership and the release of a global investor outlook. Investors may track how BESTECH’s leadership integration, employee ownership under the partnership model, and upcoming results on February 13, 2026 illustrate the financial impact of this expansion.
AI-generated analysis. 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
What did Colliers (CIGI) announce on January 19, 2026 regarding Englobe and BESTECH?
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