TORONTO, May 9, 2018 — Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) announced today the acquisition of Colliers International Pittsburgh (“Colliers Pittsburgh”). Colliers Pittsburgh has been a long-time affiliate of Colliers and as a company-owned operation, it will have the opportunity to expand its services further in one of America’s most exciting examples of successful urban gentrification.
“The Pittsburgh area is undergoing a tremendous resurgence. With an attractive cost of living, leading educational institutions and highly-skilled workforce, the city is quickly becoming a major hub for businesses of the future,” said Marty Pupil, Colliers International President | U.S. Brokerage. “The professionals at Colliers Pittsburgh enjoy a strong reputation in the local market with opportunities to accelerate their growth with the depth and resources of the corporate parent. All of us at Colliers look forward to working more closely with all of the professionals at Colliers Pittsburgh in the years to come.”
“We have been affiliated with Colliers International for many years, so this is a natural next step for us, which will enable us to expand our service offerings and further drive our growth,” said Gregg Broujos, Managing Director and Founding Principal of Colliers Pittsburgh. “By integrating into the Colliers global platform and leveraging its size, capital, established infrastructure and industry leadership, we look forward to taking our business to the next level.”
About Colliers International Group
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers has also been ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
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John B. Friedrichsen
Chief Financial Officer
Phone: (416) 960-9500
President | U.S. Brokerage