Colliers International to acquire Englobe controlling interest for $475M

Colliers has entered into a definitive agreement to acquire Englobe Corporation, a leading Canadian multi-discipline engineering, environmental and inspection services firm. Englobe’s senior leadership team and employee shareholders will remain shareholders in the business under Colliers’ unique partnership model. Headquartered in Laval, Quebec, Englobe’s 2,800 professionals provide civil, buildings, geotechnical, and environmental engineering, material testing and related consulting services to public and private sector clients primarily in the transportation, water, buildings, and power end markets. In 2023, the business generated $340 million of revenues. The business will be rebranded as Colliers in 2025. Under the terms of the transaction, Colliers will acquire a significant controlling interest for approximately $475 million in cash payable at closing. Englobe’s material management and beneficial reuse operations located in the UK, France and Canada are not included in the transaction. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2024.