Colliers International Expands Further in Michigan
Adds operations in Grand Rapids and Kalamazoo
TORONTO, July 6, 2016 — Leading global commercial real estate services firm Colliers International (NASDAQ:CIGI, TSX:CIG) announced today the acquisition of Colliers International West Michigan (“Colliers West Michigan”). Serving the entire Western region of Michigan, including Grand Rapids, Kalamazoo and the Lakeshore, Colliers West Michigan is the number one commercial real estate advisory firm in the region providing a full range of services including sales, leasing brokerage, capital markets and property management to local, regional, national and international clients. Terms of the transaction were not disclosed.
“West Michigan is a thriving marketplace with a diverse economy that appeals to a broad range of large corporations,” said Steve Everbach, Colliers International, President | Central Region. “Colliers West Michigan has the deep local market knowledge and by expanding our capabilities throughout Michigan we can now integrate our services not only in the State but throughout the entire Central Region,” he concluded.
“Joining the global operations of Colliers International was an obvious next step for us,” said Duke Suwyn, Chairman/CEO of Colliers West Michigan. “By fully integrating we will be able to leverage the size, resources and infrastructure of the Colliers International brand and global platform,” he concluded.
“This addition is the latest in a series of strategic acquisitions that we have completed in the U.S. and is the fourth addition in the central region over the past two years including Indianapolis, St. Louis and Dallas. We continue to invest in our operations to reinforce the Colliers International brand and platform 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.
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About Colliers International Group Inc.Colliers International Group Inc. (NASDAQ:CIGI, TSX:CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.
Advisory Regarding Forward-Looking InformationCertain information included in this news release is forward-looking, within the meaning of applicable securities laws. Much of this information can be identified by words such as “believe”, “expects”, “expected”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar expressions suggesting future outcomes or events. Colliers believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those anticipated. These risks include, but are not limited to, risks associated with: (i) general economic and business conditions, which will, among other things, impact demand for Colliers’ services and the cost of providing services; (ii) the ability of Colliers to implement its business strategy, including Colliers’ ability to identify and acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; (iii) changes in or the failure to comply with government regulations; and (iv) such factors as are identified in the Annual Information Form of Colliers for the year ended December 31, 2015 under the heading “Risk Factors” (which factors are adopted herein and a copy of which can be obtained at www.sedar.com). Forward looking statements contained in this news release are made as of the date hereof and are subject to change. All forward-looking statements in this news release are qualified by these cautionary statements. Except as required by applicable law, Colliers undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.