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Colliers continues to enhance engineering offering in Canada

1. Colliers' Englobe acquires Herold Engineering to enhance services in Canada. 2. Herold's leadership will continue and become shareholders in Englobe. 3. This acquisition builds on Colliers' strategy for regional market leadership. 4. Englobe aims to leverage new capabilities for enhanced client service. 5. Colliers maintains robust growth with 20% compound annual returns.

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FAQ

Why Bullish?

The acquisition strengthens Englobe's market position and diversifies its service offerings. Past acquisitions in markets have positively influenced CIGI's stock price, confirming a pattern of growth.

How important is it?

The acquisition aligns with Colliers' growth strategy and indicates strong future earnings potential, directly influencing investor sentiment and market performance.

Why Long Term?

This acquisition is strategic for long-term growth aspirations in the engineering sector, setting a foundation for sustained revenue and market expansion.

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ENGHCARRCBRE
TORONTO and NANAIMO, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Colliers (NASDAQ, TSX: CIGI) announced today that its Canadian engineering platform Englobe Corporation (“Englobe”) has acquired Herold Engineering Limited (“Herold”), a leading engineering consulting firm in British Columbia. Herold’s leadership team will continue to lead these operations and become shareholders of Englobe under Colliers’ unique partnership model. Terms of the transaction were not disclosed. Founded in 1994, Herold’s 75 professionals provide consulting services for diversified building, municipal, transportation and marine projects throughout British Columbia, predominantly on Vancouver Island. “This investment builds on our recent acquisition of Higher Ground in Western Canada, marking an important step towards our goal of becoming one of the region’s leading players,” said Elias Mulamoottil, Co-Chief Investment Officer of Colliers. “Englobe is a differentiated business where we leverage our brand, culture, and growth mindset to solidify our position as a partner of choice in the Canadian engineering consulting market.” “We are extremely excited to join forces with the well-respected professionals from Herold,” said Mike Cormier, President of Englobe. “This expansion provides us with enhanced design and consulting capabilities, qualifications and relationships in British Columbia, allowing us to better serve our clients across all major markets in Canada.” “We strongly resonate with Englobe’s culture of unparalleled client experience, employee empowerment, and employee ownership, making this partnership the best next step for us,” said Lee Rowley, Managing Principal of Herold. “With Englobe and Colliers’ added capabilities, resources and relationships, we are even better positioned to service our clients, accelerate our growth and create attractive opportunities for our people.” Colliers ContactsElias MulamoottilCo-Chief Investment Officer(416) 960-9500 Mike CormierPresident | Englobe(514) 281-5151 About ColliersColliers (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 nearly $5.0 billion in annual revenues, a team of 23,000 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.

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