1. CIGI's Englobe acquired LRL Associates, enhancing engineering services. 2. The acquisition strengthens presence in Ontario and New Brunswick. 3. Englobe aims to improve client services and operational scale. 4. The partnership supports growth aspirations and talent retention. 5. LRL's staff will become shareholders under Colliers' model.
The acquisition is poised to strengthen CIGI's market position, especially in engineering.
This acquisition is significant for CIGI, likely increasing revenue and client base, impacting stock price positively.
Strategic acquisitions generally contribute to long-term growth, as seen with similar firms expanding services.
TORONTO and OTTAWA, Ontario, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Colliers ((NASDAQ, TSX:CIGI) announced today that its Canadian engineering platform, Englobe Corporation ("Englobe"), has acquired LRL Associates Ltd. ("LRL"), a top-tier multidisciplinary engineering consulting firm in Ontario and New Brunswick. LRL's management team will become shareholders of Englobe under Colliers' unique partnership model. Terms of the transaction were not disclosed.
Founded in 1984, LRL's 50 professionals provide mechanical, electrical, civil, structural, environmental, and geotechnical engineering consulting services to public and private clients.
"This investment strengthens our scale and services in Canada's largest market," said Elias Mulamoottil, Chief Investment Officer of Colliers. "The transaction demonstrates our continued success in attracting quality firms to our platform by leveraging our unique partnership model, enterprising culture, and long-term growth aspirations."
"LRL's professionals have a longstanding track record of providing flexible, turn-key solutions to diverse organizations, thereby deepening Englobe's expertise and allowing us to better serve our collective clients," said Mike Cormier, President of Englobe. "We are extremely excited to welcome these respected professionals to Englobe."
"LRL's culture of client service excellence and rewarding employee experience aligns perfectly with Englobe, making this partnership the obvious next step for us," said Christian Robichaud, President of LRL. "We look forward to joining a global professional services organization and leveraging their platform, relationships, and infrastructure to increase the opportunities for our people and provide better outcomes for our clients."
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 over $5.0 billion in annual revenues, a team of 24,000 professionals, and more than $100 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.
