Information
TORONTO and SUDBURY, Ontario, Jan. 19, 2026 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers ((NASDAQ, TSX:CIGI), announced today that its Canadian engineering
Original sourceAI Summary
Colliers has announced the acquisition of BESTECH Canada by its engineering platform, Englobe. This move is expected to enhance Englobe's capabilities in the Canadian resources sector, particularly in mining, which could lead to increased revenues and market presence in Ontario.
Sentiment Rationale
Acquisitions historically lead to revenue growth and improved service offerings, likely enhancing CIGI's long-term profitability. Past acquisitions by similar firms have resulted in immediate stock price increases due to positive investor sentiment and anticipated growth.
Trading Thesis
CIGI is a buy due to strengthened market position from BESTECH acquisition, potentially within the next 12 months.
Market-Moving
- Expansion into Ontario's resource sector could lead to increased revenue streams.
- BESTECH's professional expertise enhances Englobe's service offerings, driving client acquisition.
- A successful integration could result in enhanced shareholder value for CIGI.
- Stronger engineering capabilities may attract new contracts and projects in mining.
Key Facts
- Colliers' Englobe acquires BESTECH Canada to expand engineering capabilities.
- Acquisition strengthens Englobe's presence in Ontario's resources sector.
- BESTECH team will become shareholders, enhancing leadership within Englobe.
- Over 100 BESTECH professionals enhance Englobe's mining and engineering expertise.
- Strategic investment reflects Colliers' commitment to client success and growth.
Companies Mentioned
- Colliers International Group (CIGI): CIGI is positioned for growth with the strategic BESTECH acquisition.
- BESTECH Canada Limited: Acquired by CIGI, enhancing their engineering capabilities in mining.
Corporate Developments
This news falls under Corporate Developments, as the acquisition reflects strategic expansion efforts by Colliers. It indicates a commitment to bolstering service offerings and market presence within a key sector, impacting future financial performance positively.
TORONTO and SUDBURY, Ontario, Jan. 19, 2026 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers ((NASDAQ, TSX:CIGI), announced today that its Canadian engineering platform, Englobe Corporation ("Englobe"), has acquired BESTECH Canada Limited ("BESTECH"), a leading multidisciplinary engineering consulting firm in Ontario. BESTECH's senior team will play a key role in leadership going forward and will become shareholders of Englobe under Colliers' unique partnership model. Terms of the transaction were not disclosed.
Founded in 1995, BESTECH's over 100 professionals provide mining, automation, electrical, power systems, structural, civil, and mechanical services to mining clients.
"This investment accomplishes two key strategic priorities of expanding our capabilities in the Canadian resources industry and bolstering our footprint in Ontario," said Mike Cormier, President of Englobe. "BESTECH's long history of providing innovative solutions to clients in the mining sector enhances Englobe's expertise and qualifications in this important and growing market."
"The ability to leverage Englobe's capabilities and infrastructure to offer unparalleled client outcomes and employee experience made this partnership the logical next step for us," said Marz Kord, President of BESTECH. "We are pleased to join forces with a respected, global professional services firm that shares our culture predicated on the success of our clients and better ownership and career opportunities for our people."
Colliers Contacts
Elias Mulamoottil
Chief Investment Officer
(416) 960-9500
Mike Cormier
President | Englobe
(514) 281-5151
About Colliers
Colliers ((NASDAQ, TSX:CIGI) is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fuelled by visionary leadership, significant inside ownership and substantial recurring earnings. With $5.5 billion in annual revenues, a team of 24,000 professionals, and $108 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
