Colliers Acquires Summit Realty Group in Indianapolis
Colliers Acquires Market-Leading Firm in Indianapolis
TORONTO, December 1, 2015 — Colliers International Group Inc. (NASDAQ:CIGI, TSX:CIG), a global leader in commercial real estate services, today announced the acquisition of Summit Realty Group, a market leader in Indianapolis including 70 professionals. The new Colliers International in Indianapolis is a highly regarded thought leader and advisor across multiple property types, both regionally and nationally, and offers a complete range of commercial real estate services including tenant representation, corporate solutions, capital markets and investment sales, property management and project management. Terms of the transactions were not disclosed.“The new Colliers International in Indianapolis has an enviable track record in the Midwest but also in many of the world’s major markets,” said Martin Pupil, Colliers International President | Western Region. “Their unique expertise combined with their collaborative culture and passionate desire to serve clients makes them a perfect fit for Colliers and further strengthens our platform market leadership in the Midwest, an important and growing region.”
“With the industry continuing to consolidate, our organization was focused on aligning with a platform that would truly enhance our ability to service our extensive multi-market client base nationally and globally,” said Brian Zurawski, Co-Market Leader. “Without question, the culture of Colliers International aligns with our own, encouraging our people to think differently, share great ideas and to create effective solutions that accelerate our clients’ success,” added Matt Langfeldt, Co-Market Leader. “As part of Colliers International, we can now offer our clients even more; greater access to markets globally and an operating environment that is both entrepreneurial and keenly focused on service excellence,” he concluded.
“Expanding our company-owned operations in major markets is a key part of our growth strategy and having a strong operation in Indiana coupled with our leadership in other markets in the Midwest further strengthens our business in the U.S.,” said Craig Robinson, President of Colliers International | USA. “The addition of Colliers International in Indianapolis helps us leverage our capabilities across our entire global platform and follows our recent acquisition in St. Louis, complementing our market leading operations in Chicago and Kansas City,” he concluded.
Summit will be the sole Colliers operation in Indianapolis.