Toronto and San Antonio, March 10, 2022 (GLOBE NEWSWIRE) — Colliers (NASDAQ and TSX: CIGI), the world’s leading professional services and investment management company, today has a KFW business unit for Colliers Engineering & Design (“CED”). Surveying (“KFW”), a civil engineering, design and research company based in Engineers & San Antonio. This addition enhances the existing scale and capabilities of CED in Texas and the Southwest. KFW’s business will be rebranded by the fourth quarter of 2022 and will be fully integrated into CED’s existing Texas business. Under Colliers’ unique partnership model, KFW’s senior leadership team will become a key shareholder across the CED platform and lead growth in the fast-growing Texas. market. The terms of the transaction have not been disclosed.
Founded in 2006, KFW’s more than 100 engineers, qualified surveyors, and other professionals provide civil engineering, environmental and survey services to homebuilders and school systems in southern Texas. We support development associated with rapid population growth. And other commercial real estate developers.
Elias Muramottil, Co-Chief Investment Officer of Koreas, said: “Koreas continues to attract best-in-class companies that want to grow in a quality, enterprising culture, with a focus on our unique partnership model and long-term growth period.”
Devin Haney, President and CEO of CED, said: “Through KFW, we are in the best position to take advantage of the Texas population boom and are excited to welcome their team to the Koreas family.”
Steven Krauskopf, co-founder and managing partner of KFW, said: George Weron, co-founder and managing partner of KFW, said:
In connection with this transaction, AEC Advisor served as KFW’s financial advisor.
Colliers (NASDAQ, TSX: CIGI) is a leading and diverse professional services and investment management company. With operations in 62 countries, 17,000 enterprising professionals work together to provide clients with expert real estate and investment advice. For over 27 years, experienced leadership with significant internal ownership has brought shareholders a 20% combined annual return on investment. With annual revenues of $ 4.1 billion and assets under $ 50 billion, Koreas maximizes the potential of assets and real assets, accelerating the success of clients, investors and employees. For more information, please visit corporate.colliers.com, Twitter @ Colliers, or LinkedIn.
Co-Chief Investment Officer
Kevin L. Haney, PE
President and Chief Executive Officer | Colliers Engineering & Design
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