Colliers is strengthening its geographic presence, scale and service offerings by acquiring Pritchard Francis Consulting, a Western Australian engineering firm.
The global diversified professional services and investment management firm said Colliers Engineering & Design Australia is acquiring Pritchard Francis, with the senior leadership team remaining in place and becoming significant shareholders in Colliers Engineering.
Financial details were not disclosed.
Pritchard Francis, a civil and structural engineering firm founded in 1977, has a team of 125 professionals serving a diverse range of clients in transportation, property, land development, industrial, mining and resources and public infrastructure.
John Kenny, CEO of Colliers Asia Pacific, said: “Following our successful expansion into New South Wales last year, this investment accomplishes another strategic objective in our goal to become one of Australia’s premier engineering consulting firms.
“We are proud of the differentiated business we have built by leveraging the Colliers brand, infrastructure and enterprising culture that allow us to attract the best talent to our organisation.”
Brent Thomas, MD of Colliers Engineering, said: “The addition of this seasoned group enhances our scale, strengthens our capabilities and expands our geographic reach, allowing us to better meet the requirements of our regional and national clients.”
Arthur Psaltis, Pritchard Francis CEO, said: “Joining Colliers Engineering was a logical next step in our evolution and we are pleased to join a leading global professional services firm that shares our focus on client service excellence, employee experience and equity ownership.
“By integrating our operations with Colliers, we look forward to accelerating the growth of our business and the success of our clients and employees in the years to come.”
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