Colliers adds Western Canadian specialty engineering services firm
Rhea-AI Summary
Colliers (NASDAQ, TSX: CIGI) said Englobe Corporation acquired Tetranex Solutions Inc., a Western Canadian multidiscipline engineering consulting firm, on Jan 29, 2026. The deal brings about 200 professionals and adds electrical, instrumentation & controls, automation and procurement capabilities across oil & gas, agri-food and industrial sectors. Under Colliers' partnership model, Tetranex senior leaders will take shareholder and leadership roles in Englobe. Transaction terms were not disclosed.
Positive
- Entry into energy sector via acquisition of Tetranex
- Adds 200 professionals and specialized EI&C and automation capabilities
- Partnership model retains Tetranex senior team as shareholders and leaders
Negative
- Transaction terms undisclosed, leaving financial impact and timing unclear
- No reported guidance or estimated revenue contribution from the acquisition
Key Figures
Market Reality Check
Peers on Argus
CIGI gained 0.55% with strong volume while peers were mixed: FSV +0.47%, CWK +1.35%, NMRK +0.41%, OPEN -1.20%, COMP -0.68%, suggesting a more company-specific move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 23 | Leadership change France | Positive | -0.8% | Appointment of new CEO for Colliers France to support EMEA growth. |
| Jan 19 | Ontario engineering acquisition | Positive | -2.9% | Englobe acquisition of BESTECH to expand engineering in Canadian resources. |
| Jan 14 | Earnings date notice | Neutral | -0.4% | Announcement of Q4 and full-year 2025 results release and call schedule. |
| Dec 10 | Google Cloud partnership | Positive | +2.5% | Multi-year Google Cloud deal to drive AI-powered analytics and operations. |
| Dec 02 | Dividend declaration | Neutral | +0.1% | Semi-annual cash dividend of US$0.15 per common share under policy. |
Recent positive corporate developments, such as leadership changes and Canadian engineering acquisitions, have sometimes seen short-term share price weakness, while technology partnerships and dividends have aligned with modest gains.
Over the last few months, Colliers announced several strategic moves, including a new CEO for Colliers France on Jan 23, 2026 and the acquisition of a top-tier Ontario engineering firm on Jan 19, 2026. It also flagged its upcoming Q4/FY 2025 results on Feb 13, 2026, launched a multi-year Google Cloud partnership on Dec 10, 2025, and declared a semi-annual dividend of US$0.15 per share payable on Jan 14, 2026. Today’s Alberta-focused acquisition continues this expansion theme.
Market Pulse Summary
This announcement highlights Englobe’s acquisition of Tetranex, adding 200 professionals and establishing a presence in Western Canada’s energy-focused engineering market. It follows a recent Ontario engineering deal, reinforcing Colliers’ push to scale its Canadian engineering platform. Investors may track how this complements Colliers’ broader services, its exposure to oil, gas and industrial clients, and how future earnings updates reflect contributions from these newly acquired capabilities.
AI-generated analysis. Not financial advice.
Establishes entry into energy sector and enhances scale in Alberta
TORONTO and CALGARY, Alberta, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Colliers (NASDAQ, TSX: CIGI) announced today that its Canadian engineering platform, Englobe Corporation (“Englobe”), has acquired Tetranex Solutions Inc. (“Tetranex”), a leading multidiscipline engineering consulting firm in Alberta. Under Colliers’ unique partnership model, Tetranex’s senior team will become shareholders of Englobe and play a key role in leadership going forward. Terms of the transaction were not disclosed.
Founded in 2010, Tetranex’s 200 professionals provide specialized electrical, instrumentation and controls (EI&C), automation, and other engineering and procurement services primarily across the oil and gas, agri-food, and industrial sectors.
“This transaction reaffirms our growth ambition by establishing a beachhead in the energy sector, a market poised to benefit from long-term tailwinds driven by increased demand for electricity,” said Mike Cormier, President of Englobe. “Our differentiated approach continues to position Englobe as an acquirer-of-choice in the Canadian engineering services market, and we are excited to welcome these talented professionals to Englobe.”
“We are thrilled to partner with a well-respected firm whose culture and values align with ours,” said David Harman, President of Tetranex. “Becoming part of Englobe – within the broader Colliers platform – provides our professionals with the scale, expertise and collaborative environment to strengthen our client offering and accelerate our growth.”
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 about Englobe acquiring Tetranex on January 29, 2026?
How many employees and what services does Tetranex bring to Colliers' Englobe platform (CIGI)?
Will Colliers (CIGI) disclose the purchase price or financial terms for the Tetranex deal?
What strategic benefit does the Tetranex acquisition provide Colliers' Englobe business (CIGI)?
How will Tetranex leadership be integrated into Englobe and Colliers (CIGI)?
