Colliers Adds Leading Regional Engineering & Design Firm

TORONTO and SAN ANTONIO, March 10, 2022 (GLOBE NEWSWIRE) — Leading global professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) today announced that its Colliers Engineering & Design (“CED”) business unit has acquired KFW Engineers & Surveying (“KFW”), a San Antonio-based civil engineering, design, and survey firm. The addition will enhance CED’s existing scale and capabilities in Texas and the Southwest. KFW operations will rebrand and be fully integrated into CED’s existing Texas operations by the fourth quarter of 2022. Under Colliers’ unique partnership model, KFW’s senior leadership team have become significant shareholders in the overall CED platform and will lead its growth in the rapidly growing Texas marketplace. Terms of the transaction were not disclosed.

Founded in 2006, KFW’s more than 100 engineers, licensed surveyors, and other professionals support the rapid population growth and related development in southern Texas by providing a fully integrated land development offering, including civil engineering, environmental and surveying services to homebuilders, school systems, and other commercial real estate developers. Click to read more at www.globalnewswire.com.