Colliers International Expands in Atlanta
Acquisition of industry-leading operations of Colliers International Atlanta strengthens ongoing commitment to the Southeast market
TORONTO AND NEW YORK, November 3, 2015 — Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI, TSX:CIG) announced today the acquisition of, Colliers International Atlanta. The current shareholders of Colliers Atlanta will continue to retain equity in the business under Colliers’ unique partnership model. Terms of the transaction were not disclosed.
Founded in 1967, Colliers International Atlanta stands as a recognized market leader for its commitment to clients, offering a full range of services for commercial real estate owners and occupiers. Comprised of more than 250 professionals, Colliers International Atlanta provides investment sales, lease brokerage, capital markets, property management and project management to local, regional, national and international clients.
“The leadership of the Atlanta business has been actively involved in the growth of Colliers in the U.S., and the full integration of their business into our global enterprise will further strengthen our platform nationally and help leverage their managerial talents in other regions,” said Joseph Harbert, Colliers International President | Eastern Region.
“This move by our Atlanta team is simply a natural progression of our business given our shared culture and relentless focus on service excellence,” said Bob Mathews, President & CEO of Colliers International Atlanta. “This transaction gives Colliers International Atlanta access to the level of growth capital it requires to serve the expanding needs of our clients. We will be unique in Atlanta as the only global public commercial real estate firm that offers local ownership,” he concluded.
“The Southeast is a thriving market and Colliers continues to enhance its market leading platform and pursue strategic growth, as evidenced through recent acquisitions and hires we’ve made in the region,” said Craig Robinson, President of Colliers International | USA. “This investment reaffirms our dedication to the Atlanta market and advances our goals of supporting a best-in-class team to service clients in this region.”