TORONTO, May 4, 2016 — Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI, TSX:CIG) announced today the acquisition of Colliers International Northeast Florida (“Colliers NE Florida”). From their offices in Jacksonville, the 45 professionals of Colliers NE Florida provide a full range of services including sales, leasing brokerage, capital markets, valuation and advisory and property management to local, regional, national and international clients. Terms of the transaction were not disclosed.
“Following on our acquisition of Colliers Central Florida earlier this year, the acquisition of Colliers NE Florida completes the consolidation of our operations in this important market. We now have ten company owned offices in Florida and the ability to provide seamless service throughout the state,” said Joseph Harbert, Colliers International President | Eastern Region. “We are excited about having one fully integrated platform in Florida allowing us to provide the best service offering to our clients,” he concluded.
“We have been a proud member of Colliers International for many years, so for us becoming part of the global entity was the natural next step,” said Robert Selton, CEO of Colliers NE Florida. “By fully integrating our operations we are now able to leverage the size, capital and established infrastructure of the Colliers International global platform to better serve our clients and create more opportunities for our professionals. The future has never been brighter for our company and our people,” he concluded.
“This addition is the latest in a series of strategic acquisitions that we have completed in the U.S. over the past two years. We continue to strengthen our best in class service platform and reinforce the Colliers International brand as the global firm of choice for organizations and professionals who seek to align with a company differentiated by an enterprising culture,” said Dylan Taylor President & COO Colliers International.