Colliers (NASDAQ, TSX: CIGI) has announced that its Canadian engineering platform Englobe Corporation has acquired Herold Engineering Limited, a leading engineering consulting firm in British Columbia. Founded in 1994, Herold brings 75 professionals specializing in consulting services for building, municipal, transportation, and marine projects throughout British Columbia, primarily on Vancouver Island. The acquisition follows Colliers' recent purchase of Higher Ground in Western Canada, advancing their goal of becoming a regional leader. Herold's leadership team will maintain operational control and become shareholders of Englobe under Colliers' partnership model. This strategic move enhances Englobe's design and consulting capabilities in British Columbia, enabling better service delivery across major Canadian markets.
Colliers (NASDAQ, TSX: CIGI) ha annunciato che la sua piattaforma canadese di ingegneria, Englobe Corporation, ha acquisito Herold Engineering Limited, una società di consulenza ingegneristica di primo piano nella Columbia Britannica. Fondata nel 1994, Herold conta 75 professionisti specializzati in servizi di consulenza per progetti edilizi, municipali, di trasporto e marittimi in tutta la Columbia Britannica, principalmente a Vancouver Island. L'acquisizione segue l'acquisto recente di Higher Ground da parte di Colliers nell'ovest del Canada, avanzando nel loro obiettivo di diventare leader regionali. Il team di leadership di Herold manterrà il controllo operativo e diventerà azionista di Englobe secondo il modello di partnership di Colliers. Questa mossa strategica potenzia le capacità di progettazione e consulenza di Englobe nella Columbia Britannica, permettendo un servizio migliore nei principali mercati canadesi.
Colliers (NASDAQ, TSX: CIGI) ha anunciado que su plataforma canadiense de ingeniería, Englobe Corporation, ha adquirido Herold Engineering Limited, una destacada firma de consultoría de ingeniería en Columbia Británica. Fundada en 1994, Herold cuenta con 75 profesionales especializados en servicios de consultoría para proyectos de construcción, municipales, de transporte y marítimos en toda Columbia Británica, principalmente en la Isla de Vancouver. La adquisición sigue a la reciente compra de Higher Ground por parte de Colliers en el oeste de Canadá, avanzando en su objetivo de convertirse en líder regional. El equipo directivo de Herold mantendrá el control operativo y se convertirá en accionista de Englobe bajo el modelo de asociación de Colliers. Este movimiento estratégico mejora las capacidades de diseño y consultoría de Englobe en Columbia Británica, permitiendo una mejor prestación de servicios en los principales mercados canadienses.
콜리어스(NASDAQ, TSX: CIGI)는 캐나다 엔지니어링 플랫폼인 잉글로브 코퍼레이션이 브리티시컬럼비아의 선도적인 엔지니어링 컨설팅 회사인 헤롤드 엔지니어링 리미티드를 인수했다고 발표했습니다. 1994년에 설립된 헤롤드는 주로 밴쿠버 아일랜드를 포함한 브리티시컬럼비아 전역의 건축, 지방자치, 교통 및 해양 프로젝트에 대한 컨설팅 서비스를 전문으로 하는 75명의 전문가를 보유하고 있습니다. 이번 인수는 콜리어스가 서부 캐나다에서 하이어 그라운드를 최근에 인수한 데 이어 지역 리더가 되기 위한 목표를 진전시키는 조치입니다. 헤롤드의 경영진은 운영 권한을 유지하며 콜리어스의 파트너십 모델에 따라 잉글로브의 주주가 됩니다. 이 전략적 움직임은 브리티시컬럼비아에서 잉글로브의 설계 및 컨설팅 역량을 강화하여 캐나다 주요 시장 전반에 걸쳐 더 나은 서비스 제공을 가능하게 합니다.
Colliers (NASDAQ, TSX : CIGI) a annoncé que sa plateforme d'ingénierie canadienne, Englobe Corporation, a acquis Herold Engineering Limited, une société de conseil en ingénierie de premier plan en Colombie-Britannique. Fondée en 1994, Herold compte 75 professionnels spécialisés dans les services de conseil pour des projets de construction, municipaux, de transport et maritimes à travers la Colombie-Britannique, principalement sur l'île de Vancouver. Cette acquisition fait suite à l'achat récent de Higher Ground par Colliers dans l'ouest du Canada, renforçant leur objectif de devenir un leader régional. L'équipe de direction de Herold conservera le contrôle opérationnel et deviendra actionnaire d'Englobe selon le modèle de partenariat de Colliers. Ce mouvement stratégique renforce les capacités de conception et de conseil d'Englobe en Colombie-Britannique, permettant une meilleure prestation de services sur les principaux marchés canadiens.
Colliers (NASDAQ, TSX: CIGI) hat bekannt gegeben, dass seine kanadische Ingenieurplattform Englobe CorporationHerold Engineering Limited erworben hat, ein führendes Ingenieurbüro in British Columbia. Herold wurde 1994 gegründet und beschäftigt 75 Fachleute, die sich auf Beratungsdienstleistungen für Bau-, Kommunal-, Verkehrs- und Meeresprojekte in ganz British Columbia, hauptsächlich auf Vancouver Island, spezialisiert haben. Die Übernahme folgt auf Colliers' kürzlichen Kauf von Higher Ground in Westkanada und fördert das Ziel, regionaler Marktführer zu werden. Das Führungsteam von Herold behält die operative Kontrolle und wird unter dem Partnerschaftsmodell von Colliers Anteilseigner von Englobe. Dieser strategische Schritt stärkt Englobes Design- und Beratungsfähigkeiten in British Columbia und ermöglicht eine bessere Servicebereitstellung in wichtigen kanadischen Märkten.
Positive
Acquisition of Herold Engineering adds 75 skilled professionals to Englobe's workforce
Expansion of geographic footprint and service capabilities in British Columbia
Strategic alignment with recent Higher Ground acquisition strengthens Western Canada presence
Retention of Herold's leadership team ensures operational continuity
Negative
None.
Insights
Colliers expands Canadian engineering footprint through strategic acquisition, strengthening western presence with complementary capabilities.
This acquisition of Herold Engineering represents a strategic expansion of Colliers' engineering capabilities in Western Canada, specifically British Columbia. With 75 professionals joining from Herold, this transaction enhances Englobe's service capabilities in the region while expanding Colliers' geographic footprint.
The deal follows Colliers' recent acquisition of Higher Ground in Western Canada, revealing a deliberate regional growth strategy to become a leading player in the area. This pattern of targeted acquisitions shows Colliers is methodically building scale in the engineering consulting market across Canada.
Particularly noteworthy is Colliers' retention of Herold's leadership team as Englobe shareholders, utilizing their partnership ownership model that aligns incentives and typically helps retain key talent. This approach has proven effective in professional services firms where human capital is the primary asset.
The acquisition brings several strategic advantages: it diversifies Colliers' engineering portfolio with Herold's expertise in building, municipal, transportation, and marine projects; strengthens its position specifically on Vancouver Island; and creates cross-selling opportunities between Englobe's existing clients and Herold's relationships.
While financial terms weren't disclosed, this transaction appears to fit Colliers' broader strategy of making targeted acquisitions in fragmented professional services markets where they can apply their operational expertise and growth mindset to create value.
West-coast acquisition expands geographic footprint and scale
TORONTO and NANAIMO, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Colliers (NASDAQ, TSX: CIGI) announced today that its Canadian engineering platform Englobe Corporation (“Englobe”) has acquired Herold Engineering Limited (“Herold”), a leading engineering consulting firm in British Columbia. Herold’s leadership team will continue to lead these operations and become shareholders of Englobe under Colliers’ unique partnership model. Terms of the transaction were not disclosed.
Founded in 1994, Herold’s 75 professionals provide consulting services for diversified building, municipal, transportation and marine projects throughout British Columbia, predominantly on Vancouver Island.
“This investment builds on our recent acquisition of Higher Ground in Western Canada, marking an important step towards our goal of becoming one of the region’s leading players,” said Elias Mulamoottil, Co-Chief Investment Officer of Colliers. “Englobe is a differentiated business where we leverage our brand, culture, and growth mindset to solidify our position as a partner of choice in the Canadian engineering consulting market.”
“We are extremely excited to join forces with the well-respected professionals from Herold,” said Mike Cormier, President of Englobe. “This expansion provides us with enhanced design and consulting capabilities, qualifications and relationships in British Columbia, allowing us to better serve our clients across all major markets in Canada.”
“We strongly resonate with Englobe’s culture of unparalleled client experience, employee empowerment, and employee ownership, making this partnership the best next step for us,” said Lee Rowley, Managing Principal of Herold. “With Englobe and Colliers’ added capabilities, resources and relationships, we are even better positioned to service our clients, accelerate our growth and create attractive opportunities for our people.”
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 2025?
Colliers' subsidiary Englobe Corporation acquired Herold Engineering Limited, a British Columbia-based engineering consulting firm with 75 professionals.
How many employees does Herold Engineering bring to Colliers (CIGI)?
Herold Engineering brings 75 professionals who specialize in consulting services for building, municipal, transportation, and marine projects.
What is the strategic importance of Colliers' Herold Engineering acquisition?
The acquisition expands Colliers' geographic footprint in British Columbia and enhances Englobe's design and consulting capabilities across major Canadian markets.
Will Herold Engineering's management team stay after the Colliers acquisition?
Yes, Herold's leadership team will continue to lead operations and become shareholders of Englobe under Colliers' partnership model.
What services does Herold Engineering provide to Colliers (CIGI)?
Herold Engineering provides consulting services for diversified building, municipal, transportation and marine projects throughout British Columbia, predominantly on Vancouver Island.
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