Colliers International Expands Project & Development Management Platform In New York
Acquisition strengthens services to property owners and developers
NEW YORK, May 24, 2016 — Leading global commercial real estate services firm Colliers International Group Inc. (“Colliers”) (NASDAQ:CIGI, TSX:CIG) today announced the acquisition of Gorton & Partners (“Gorton”), one of the most respected project management firms in New York City. Since 1994, Gorton has provided world class service to owners and developers across some of New York’s most complex construction and development projects that are shaping the city’s iconic skyline. Gorton, which will rebrand to “Colliers International” immediately, expands Colliers’ existing project and development management capabilities in the Northeast US and adds significant best-in-class expertise for both highly complex out-of-the-ground buildings as well as interior renovation projects. The integration of Gorton will also build on the strength of Colliers’ global project and development management capabilities, adding depth across multiple industry sectors including financial services, institutional, healthcare, education, high-rise & luxury residential and hospitality. Terms of the transaction were not disclosed.
“We are very excited to add the Gorton team to our growing platform in the Northeast,” said Jon Winikur, Executive Managing Director, Colliers International | Project Management | Northeast. “The combination of our people, the team’s expertise and project experience will provide our clients with expanded capabilities across all project types, specialities and industries and access to Colliers International’s global project and development management services wherever they choose to do business.”
“We are very excited to be part of Colliers International at this important time in our firms’ history,” said Robert Gorton. “Our track record for managing complex projects in NYC for more than 20 years, combined with Colliers’ leading global platform, will enable us to offer existing and new clients expanded, world-class project and development management services. We are already seeing the benefits of Colliers strong global platform and the resources we can now access.”
“What attracted us to Gorton was not only their proven track record of providing excellent client service but equally their cultural fit as part of the Colliers team,” said Joseph Harbert, President of Eastern Region, USA. “Bringing together the experience and deep local market expertise of Bob and his multi-disciplinary in-house team with the global strength and depth of services that Colliers International offers both in the US and globally improves our ability to continue to provide industry leading capabilities to our clients,” he concluded.