Colliers bolsters engineering offering in Canada
Rhea-AI Summary
Colliers (NASDAQ, TSX: CIGI) announced that its Canadian engineering platform, Englobe Corporation, has acquired LRL Associates Ltd., a multidisciplinary engineering consulting firm operating in Ontario and New Brunswick. Founded in 1984, LRL brings 50 professionals specializing in mechanical, electrical, civil, structural, environmental, and geotechnical engineering consulting services.
Under Colliers' partnership model, LRL's management team will become shareholders of Englobe. The acquisition strengthens Englobe's presence in Canada's largest market and expands its service capabilities. The financial terms of the transaction were not disclosed.
Positive
- Acquisition adds 50 skilled engineering professionals to Englobe's workforce
- Expands service capabilities with multiple engineering disciplines
- Strengthens presence in Ontario, Canada's largest market
- Management team retention through partnership model
Negative
- Financial terms and transaction value not disclosed
News Market Reaction
On the day this news was published, CIGI gained 1.85%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Acquisition enhances Englobe’s scale and capabilities in Ontario
TORONTO and OTTAWA, Ontario, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Colliers (NASDAQ, TSX: CIGI) announced today that its Canadian engineering platform, Englobe Corporation (“Englobe”), has acquired LRL Associates Ltd. (“LRL”), a top-tier multidisciplinary engineering consulting firm in Ontario and New Brunswick. LRL’s management team will become shareholders of Englobe under Colliers’ unique partnership model. Terms of the transaction were not disclosed.
Founded in 1984, LRL’s 50 professionals provide mechanical, electrical, civil, structural, environmental, and geotechnical engineering consulting services to public and private clients.
“This investment strengthens our scale and services in Canada’s largest market,” said Elias Mulamoottil, Chief Investment Officer of Colliers. “The transaction demonstrates our continued success in attracting quality firms to our platform by leveraging our unique partnership model, enterprising culture, and long-term growth aspirations.”
“LRL’s professionals have a longstanding track record of providing flexible, turn-key solutions to diverse organizations, thereby deepening Englobe’s expertise and allowing us to better serve our collective clients,” said Mike Cormier, President of Englobe. “We are extremely excited to welcome these respected professionals to Englobe.”
“LRL’s culture of client service excellence and rewarding employee experience aligns perfectly with Englobe, making this partnership the obvious next step for us,” said Christian Robichaud, President of LRL. “We look forward to joining a global professional services organization and leveraging their platform, relationships, and infrastructure to increase the opportunities for our people and provide better outcomes for our clients.”
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
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