Colliers adds top-tier engineering firm in Ontario

Core Insights - Colliers has acquired BESTECH Canada Limited to enhance its capabilities in the Canadian mining sector and strengthen its presence in Ontario [1][3] Group 1: Acquisition Details - The acquisition involves Englobe Corporation, Colliers' Canadian engineering platform, acquiring BESTECH, a multidisciplinary engineering consulting firm [1] - The terms of the transaction were not disclosed, but BESTECH's senior team will take on leadership roles and become shareholders under Colliers' partnership model [1] Group 2: Company Background - BESTECH, founded in 1995, employs over 100 professionals and provides various services including mining, automation, electrical, power systems, structural, civil, and mechanical services [2] - Colliers operates through three main platforms: Real Estate Services, Engineering, and Investment Management, with annual revenues of $5.5 billion and $108 billion in assets under management [4] Group 3: Strategic Importance - The acquisition aligns with Colliers' strategic priorities of expanding capabilities in the Canadian resources industry and enhancing its footprint in Ontario [3] - BESTECH's innovative solutions in the mining sector will augment Englobe's expertise and qualifications in a growing market [3]