Colliers (NASDAQ, TSX: CIGI) announced that its Canadian engineering platform Englobe Corporation has acquired Higher Ground Consulting Inc., a leading engineering consulting firm in Western Canada. Higher Ground, founded in 2013, brings 65 professionals specializing in multidisciplinary engineering consulting services in Alberta and British Columbia, with focus on the Greater Calgary market. This marks Englobe's second follow-on investment since establishing partnership with Colliers in 2024. Under Colliers' partnership model, Higher Ground's management team will become Englobe shareholders and maintain leadership roles. The acquisition particularly strengthens Englobe's capabilities in the water resources sector and expands its Western Canada presence. Financial terms were not disclosed.
Colliers (NASDAQ, TSX: CIGI) ha annunciato che la sua piattaforma ingegneristica canadese Englobe Corporation ha acquisito Higher Ground Consulting Inc., una rinomata società di consulenza ingegneristica nell'ovest del Canada. Fondata nel 2013, Higher Ground conta 65 professionisti specializzati in servizi di consulenza ingegneristica multidisciplinare in Alberta e British Columbia, con particolare attenzione al mercato della Grande Calgary. Questa rappresenta la seconda acquisizione di Englobe dopo aver avviato la partnership con Colliers nel 2024. Secondo il modello di collaborazione di Colliers, il team di gestione di Higher Ground diventerà azionista di Englobe mantenendo ruoli di leadership. L'acquisizione rafforza in modo significativo le competenze di Englobe nel settore delle risorse idriche ed espande la sua presenza nell'ovest del Canada. I termini finanziari non sono stati resi noti.
Colliers (NASDAQ, TSX: CIGI) anunció que su plataforma de ingeniería canadiense Englobe Corporation ha adquirido Higher Ground Consulting Inc., una destacada firma de consultoría en ingeniería en el oeste de Canadá. Fundada en 2013, Higher Ground cuenta con 65 profesionales especializados en servicios multidisciplinarios de consultoría en ingeniería en Alberta y Columbia Británica, enfocándose en el mercado del Gran Calgary. Esta es la segunda inversión posterior de Englobe desde que estableció la asociación con Colliers en 2024. Bajo el modelo de asociación de Colliers, el equipo directivo de Higher Ground se convertirá en accionista de Englobe y mantendrá sus roles de liderazgo. La adquisición fortalece especialmente las capacidades de Englobe en el sector de recursos hídricos y amplía su presencia en el oeste de Canadá. No se divulgaron los términos financieros.
콜리어스(NASDAQ, TSX: CIGI)는 캐나다 엔지니어링 플랫폼 Englobe Corporation이 서부 캐나다의 선도적인 엔지니어링 컨설팅 회사인 Higher Ground Consulting Inc.를 인수했다고 발표했습니다. 2013년에 설립된 Higher Ground는 앨버타와 브리티시컬럼비아에서 다학제 엔지니어링 컨설팅 서비스를 제공하는 65명의 전문가를 보유하고 있으며, 특히 그레이터 캘거리 시장에 중점을 두고 있습니다. 이번 인수는 2024년 콜리어스와의 파트너십 이후 Englobe의 두 번째 후속 투자입니다. 콜리어스의 파트너십 모델에 따라 Higher Ground의 경영진은 Englobe의 주주가 되어 리더십 역할을 유지할 예정입니다. 이번 인수는 Englobe의 수자원 분야 역량을 강화하고 서부 캐나다 내 입지를 확장하는 데 큰 도움이 될 것입니다. 재무 조건은 공개되지 않았습니다.
Colliers (NASDAQ, TSX : CIGI) a annoncé que sa plateforme d'ingénierie canadienne Englobe Corporation a acquis Higher Ground Consulting Inc., une société de conseil en ingénierie de premier plan dans l'ouest du Canada. Fondée en 2013, Higher Ground compte 65 professionnels spécialisés dans les services de conseil en ingénierie multidisciplinaire en Alberta et en Colombie-Britannique, avec un accent particulier sur le marché du Grand Calgary. Il s'agit du deuxième investissement complémentaire d'Englobe depuis l'établissement du partenariat avec Colliers en 2024. Dans le cadre du modèle de partenariat de Colliers, l'équipe de direction de Higher Ground deviendra actionnaire d'Englobe tout en conservant ses rôles de leadership. Cette acquisition renforce particulièrement les capacités d'Englobe dans le secteur des ressources en eau et étend sa présence dans l'ouest du Canada. Les termes financiers n'ont pas été divulgués.
Colliers (NASDAQ, TSX: CIGI) gab bekannt, dass seine kanadische Ingenieur-Plattform Englobe CorporationHigher Ground Consulting Inc. übernommen hat, eine führende Ingenieurberatungsfirma im Westen Kanadas. Higher Ground, gegründet im Jahr 2013, verfügt über 65 Fachkräfte, die sich auf multidisziplinäre Ingenieurberatungsdienstleistungen in Alberta und British Columbia spezialisiert haben, mit Schwerpunkt auf dem Großraum Calgary. Dies ist die zweite Folgeinvestition von Englobe seit der Partnerschaft mit Colliers im Jahr 2024. Im Rahmen des Partnerschaftsmodells von Colliers wird das Managementteam von Higher Ground zu Anteilseignern von Englobe und behält Führungspositionen. Die Übernahme stärkt insbesondere die Kompetenzen von Englobe im Bereich Wasserressourcen und erweitert die Präsenz im Westen Kanadas. Finanzielle Details wurden nicht bekannt gegeben.
Positive
Expansion of Englobe's geographical footprint and capabilities in Western Canada
Addition of 65 skilled professionals to the team
Strategic enhancement in the water resources sector
Retention and alignment of Higher Ground's management through equity ownership
Second successful follow-on acquisition since 2024, showing execution of growth strategy
Negative
Financial terms not disclosed, limiting assessment of deal value and impact
Insights
Colliers expands Canadian engineering platform through strategic acquisition of Higher Ground Consulting, enhancing water resources capabilities in Western Canada.
This acquisition represents Colliers' second follow-on investment in Englobe since establishing their partnership in 2024, demonstrating consistent execution of their growth strategy in professional services beyond their traditional real estate operations.
Through this transaction, Englobe adds 65 professionals with multidisciplinary engineering expertise focused on Alberta and British Columbia markets, particularly strengthening their presence in Calgary. The acquisition specifically enhances capabilities in the water resources sector, which the company identifies as strategically attractive.
The deal follows Colliers' partnership model where Higher Ground's management team becomes shareholders of Englobe, creating alignment between the acquired leadership and the parent company. This ownership structure helps address a common post-acquisition challenge in professional services firms: retaining key talent and maintaining client relationships.
While financial terms weren't disclosed—typical for smaller tuck-in acquisitions in professional services—this transaction advances Colliers' stated goal of expanding their engineering footprint across Canada. For investors, this represents incremental progress in Colliers' diversification strategy, though the materiality to overall financial performance cannot be determined without transaction details.
The geographic expansion into Western Canada and enhancement of water resources capabilities suggests Colliers is strategically positioning Englobe to address infrastructure and environmental engineering needs across a broader Canadian market.
Acquisition enhances Englobe’s scale and capabilities
TORONTO and CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Colliers (NASDAQ, TSX: CIGI) announced today that its Canadian engineering platform Englobe Corporation (“Englobe”) has acquired Higher Ground Consulting Inc. (“Higher Ground”), a leading engineering consulting firm in Western Canada. Under Colliers’ unique partnership model, Higher Ground’s management team will become shareholders of Englobe and play an important leadership role going forward. Terms of the transaction were not disclosed.
Founded in 2013, Higher Ground’s 65 professionals provide multidisciplinary engineering consulting services to private and public clients in Alberta and British Columbia, with a focus on the Greater Calgary market.
“This acquisition is our second follow-on investment in Englobe since establishing our partnership in 2024 and advances our goal to scale our footprint and expertise across Canada,” said Elias Mulamoottil, Co-Chief Investment Officer of Colliers. “The Colliers brand, partnership model, and enterprising culture continue to differentiate us and attract best-in-class firms like Higher Ground to our platform.”
“Higher Ground’s seasoned professionals bring an impressive history of solving complex problems with practical solutions that will enhance our capabilities in Western Canada, particularly in the attractive water resources sector,” said Mike Cormier, President of Englobe. “We are excited to welcome this talented group to the Englobe family.”
“Joining Englobe unlocks many strategic benefits for our key stakeholders, such as enhanced capabilities and expansion into new markets, allowing us to provide better outcomes for our clients and create more career opportunities for our employees,” said Wesley Ferris, President of Higher Ground. “A shared culture of client service excellence, employee ownership and focus on the betterment of the communities we serve made this a logical next step in our evolution.”
Colliers Contacts Elias Mulamoottil Co-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 20% compound annual returns for shareholders, fuelled by visionary leadership, significant inside ownership and substantial recurring earnings. With nearly $5.0 billion in annual revenues, a team of 23,000 professionals, and more than $100 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 2024?
Colliers' subsidiary Englobe Corporation acquired Higher Ground Consulting Inc., a Western Canadian engineering consulting firm with 65 professionals based in Alberta and British Columbia.
How many employees does Higher Ground Consulting bring to Englobe?
Higher Ground Consulting brings 65 professionals who provide multidisciplinary engineering consulting services.
What is the strategic importance of Higher Ground acquisition for Colliers?
The acquisition expands Englobe's presence in Western Canada, enhances capabilities in the water resources sector, and represents their second follow-on investment since 2024.
Will Higher Ground's management team remain after the Colliers acquisition?
Yes, Higher Ground's management team will become shareholders of Englobe and continue to play important leadership roles under Colliers' partnership model.
What markets does Higher Ground Consulting operate in?
Higher Ground Consulting operates in Alberta and British Columbia, with a particular focus on the Greater Calgary market.
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