TORONTO, May 09, 2018 (GLOBE NEWSWIRE) -- Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) announced today the acquisition of Colliers International Pittsburgh (“Colliers Pittsburgh”). Colliers Pittsburgh has been a long-time affiliate of Colliers and as a company-owned operation it will have the opportunity to expand its services further in one of America’s most exciting examples of successful urban gentrification.
“The Pittsburgh area is undergoing a tremendous resurgence. With an attractive cost of living, leading educational institutions and highly skilled workforce, the city is quickly becoming a major hub for businesses of the future,” said Marty Pupil, Colliers International President | U.S. Brokerage. “The professionals at Colliers Pittsburgh enjoy a strong reputation in the local market with opportunities to accelerate their growth with the depth and resources of the corporate parent. All of us at Colliers look forward to working more closely with all of the professionals at Colliers Pittsburgh in the years to come.”
“We have been affiliated with Colliers International for many years, so this is a natural next step for us which will enable us to expand our service offerings and further drive our growth,” said Gregg Broujos, Managing Director and Founding Principal of Colliers Pittsburgh. “By integrating into the Colliers global platform and leveraging its size, capital, established infrastructure and industry leadership, we look forward to taking our business to the next level.”