Global diversified professional services and investment management  company, Colliers (NASDAQ, TSX: CIGI), announced today that Colliers Engineering & Design Australia  (“Colliers Engineering”) has entered into a definitive agreement to acquire Pritchard Francis  Consulting Pty Limited (“Pritchard Francis”), one of Western Australia’s leading multi-discipline  engineering consulting companies. 

Pritchard Francis’ senior leadership team will continue to lead the business in Western Australia and  become significant shareholders in the Colliers Engineering platform under the unique Colliers  partnership model.

The business will rebrand as “Colliers Engineering & Design” and fully integrate  into Colliers’ rapidly growing engineering operations. The transaction is subject to customary closing  conditions and is expected to close by the end of this year. Terms of the transaction were not  disclosed. 

Founded in 1977, Pritchard Francis’ 125 professionals provide civil and structural engineering, design and related consulting services to diversified end markets including transportation, property, land  development, industrial, mining & resources and public infrastructure. 

“Following our successful expansion into New South Wales last year, this investment accomplishes another strategic objective in our goal to become one of Australia’s premier engineering consulting business,” said John Kenny, CEO Ӏ Colliers Asia Pacific.

“We are proud of the differentiated business we  have built by leveraging the Colliers brand, infrastructure and enterprising culture that allow us to  attract the best talent to our organization.”

“We are excited to welcome the well-respected professionals of Pritchard Francis to Colliers,” said  Brent Thomas, Managing Director of Colliers Engineering.

“The addition of this seasoned group enhances our scale, strengthens our capabilities and expands our geographic reach, allowing us to  better meet the requirements of our regional and national clients.” 

“Joining Colliers Engineering was a logical next step in our evolution and we are pleased to join a  leading global professional services company that shares our focus on client service excellence, employee experience and equity ownership,” said Arthur Psaltis, CEO, Pritchard Francis.

“By  integrating our operations with Colliers, we look forward to accelerating the growth of our business  and the success of our clients and employees in the years to come.” 

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