Colliers Intl Group Inc Stock Price, News & Analysis

Colliers (CIGI) has announced the acquisition of KFW Engineers & Surveying, a San Antonio-based civil engineering firm, to enhance its Engineering & Design business unit's capabilities in Texas. The integration aims to capitalize on the region's rapid population growth. KFW's leadership will become significant shareholders in the CED platform and lead growth initiatives. This acquisition follows a record growth year for Colliers, and KFW's team brings valuable market knowledge and client relationships to the table.

Colliers, a leading professional services and investment management company, has condemned the Russian invasion of Ukraine and ceased operations in Russia and Belarus after 28 years. The company expresses sorrow for the humanitarian crisis, asserting its commitment to supporting affected colleagues. Colliers has made significant donations to the Ukraine Crisis Appeal and is matching employee contributions through its Colliers Crisis Fund. With annual revenues of $4.1 billion, Colliers aims to maximize support for those in need amidst the ongoing conflict.

Colliers Acquires Market-Leading Operations in the Midwest

On March 7, 2022, Colliers (CIGI) announced the acquisition of Colliers Greater Cincinnati and Colliers Cleveland, enhancing its presence in key Midwestern markets. This strategic move allows for increased service capabilities and resources under Colliers’ brand. Established in 1958, Colliers Cincinnati has been a prominent commercial real estate firm, now encompassing over 100 professionals. The acquisition aligns with Colliers' growth strategy, targeting Cincinnati and Cleveland's robust economies and educated workforce to capitalize on new opportunities.

BCS Data Center Operations has launched the BCS Mission Critical Academy, an initiative aimed at addressing the industry's workforce shortage by training skilled data center operators. The program targets entry-level candidates from various backgrounds, including military personnel, and aims to create a strong talent pipeline. A new 20,000-square-foot technical training center will facilitate hands-on training. The academy responds to a global demand for skilled workers amidst an aging workforce and emphasizes diversity by targeting underrepresented groups in the tech industry.

Colliers International Group (NASDAQ, TSX: CIGI) has been named a top-rated global outsourcing company for the 16th consecutive year by the International Association of Outsourcing Professionals (IAOP). Recognized in the Leader category of the 2022 Global Outsourcing 100, this acknowledgment highlights Colliers’ innovative solutions that assist clients in optimizing supply chains and enhancing real estate experiences amidst challenges posed by the COVID-19 pandemic. The assessment is based on a rigorous scoring methodology that involves an independent review of outsourcing service providers.

Colliers International Group reported impressive fourth quarter results for 2021, with revenues reaching $1.35 billion, a 47% increase year-over-year. Full-year revenues surpassed $4 billion, marking a 47% growth compared to 2020. Adjusted EBITDA for the quarter stood at $192 million, up 24%, while adjusted EPS rose 26% to $2.25. Despite a GAAP operating loss due to a settlement linked to the CEO's Long-Term Incentive Arrangement, Colliers noted strong performance across all services. The company also secured over $6 billion in new capital for its Investment Management segment, enhancing its assets under management to over $50 billion.

Colliers has appointed Poonam Puri to its Board of Directors, enhancing its expertise in corporate governance, strategy, and ESG. Puri, a distinguished law professor and former Ontario Securities Commission commissioner, brings extensive board experience across various sectors. CEO Jay Hennick expressed confidence that her leadership will strengthen the board's capabilities. Puri has received multiple accolades for her governance excellence and looks forward to contributing to Colliers' innovative solutions. The company continues to deliver strong financial performance, with annualized revenues of $3.6 billion.

Colliers (CIGI) announced a strategic investment in Basalt Infrastructure Partners LLP, acquiring 75% ownership. The transaction, valued with over $8.5 billion in assets, is set to close in the second half of 2022, pending customary approvals. This partnership aims to enhance Colliers' investment management platform, focusing on infrastructure equity across utility, transportation, and energy sectors. Post-transaction, Colliers anticipates an annual management fee revenue of $65 to $70 million and adjusted EBITDA of $35 to $40 million, indicating significant future growth potential.